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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: ecommerceman who wrote (5844)	4/8/1999 10:30:00 PM
From: Oeconomicus	Respond to of 13953

ecommerceman, careful you don't run afoul of the taxman. A short-against-the-box (short and long the same security) is a constructive sale. You can't turn a short-term gain into a long-term one by boxing and closing out after the gain position reaches 12 months. You can hedge, but you might want to seek tax advice (from a professional) to see how far you can push things. Good luck, Bob

To: ecommerceman who wrote (5844)	4/8/1999 10:30:00 PM
From: Cosmo Daisey	Read Replies (2) \| Respond to of 13953

ec, What you are describing is a "box". No matter which way the price goes your position remains the same. I have an account with another broker for protection if ETrade is down and I want to sell a stock I sell short with the other broker and then close both positions at the same time to protect my position. Another technique is to box the position and then close the short or long when time has determined which way the price is going. ETrade is going to be the gorilla of internet brokers with many splits to come. Many stockholders are ETrade customers so ET knows what price to move the stock to with splits to keep it interesting for their customers. If we see a run to $120 area we could see a 3 for 1 split to get the price back to 30/40 where the most customer activity is in the stock. cd

To: ecommerceman who wrote (5844)	4/9/1999 7:24:00 AM
From: amic	Read Replies (2) \| Respond to of 13953

ecommerceman; you should consider buying put options rather than shorting, especially if you plan on staying long EGRP with your stocks. Anyone having made substantial gains with the EGRP stock and who is bullish long term but worried short term should buy some puts to protect their investment. If the stock keeps on rising, you will only lose the value of the puts. But that should be covered by the gains on the stock. If the stock falls, what you make on the puts can compensate for the loss on the stock, or even beat it. Remember: 1 option contract covers 100 shares. If you own 500 shares, buy 5 put contracts, not 500 :) All just IMHO.

To: ecommerceman who wrote (5844)	4/9/1999 9:11:00 AM
From: Diamond Jim	Read Replies (2) \| Respond to of 13953

E, Etrade makes $, take a look at TGLO if you want one that people should be nervous about. We are headed for a BIG revenue increase, a split, we should see the same insanity that TGLO is seeing this AM. Furthermore, the bid is at 93.625, yesterday's close was 92.875, S&P futures are -3.40. We look strong for at least the first 30 seconds<g>. jim