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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (47925)	3/29/1999 6:04:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 164684

Jan, Actually all I am saying is that if you are going to be net 50 shares short of AMZN, I think you would come out ahead to just keep short 50 shares and let the rest earn interest as cash in your brokerage account. For example the two are equivilant positions assuming AMZN stock is at $140: 1. 300 short / 250 long AMZN and no cash 2. 50 short AMZN and $35,000 cash ($140 x 250). Of course your opportunity cost on that $35,000 depend on how you invest it. Even 5% that is $1750/year. Sometimes a box is an advantage if shares are hard to borrow or of the stock is illiquid enough to make it tough to get an uptick - then it is easy to just sell the long position and go net short. Boxing is a good strategy dealing with difficult to borrow shares on a stock that is running on an obvious short squeeze (example IMON). Of course sincere congratulations on your profits, but I think you would find the profits would be the same without such a boxing strategy. Glad I didn't own ONSL, UBID, etc. today. Maybe ONSL will decide to retaliate and sell books at discount.