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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: George K. who wrote (11576)	4/11/1999 8:41:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 16892

1) Shorting a stock: Make sure that it does not have the "NM" (Not Marginable") or NS (no short sales) sign. Many stocks, including all internet IPOs aren't shortable. Try entering a limit price above the market price ar at the ask. Given the volatility of a stock, you should get off some, anyways. For nasdaq national market traded stocks, ("Q" symbol at the right) the uptick/downtick condition is shown to the right. Green is an uptick. 2) I would immediately sell ZD if I felt so uncomfortable holding a long position in that stock. C.

To: George K. who wrote (11576)	4/11/1999 10:33:00 AM
From: bob wallace	Respond to of 16892

George I am not a datek user, so any datek specific answers will have to come from someone else but as far as shorting - you didn't specify what kind of an order you placed, limit or market, but here is what I do: 1) I never never absolutely never place a market order to short, if you do you run the distinct risk of being filled at the low of the day. so you should always use a limit order. 2) the nature of using a limit order is such that the stock will almost always have to turn against you (ie rise) to get a fill - that's the nature of the beast as far as I know - maybe someone can give you a better answer 3) if you are working from a specific setup (eg the stock must trade lower than yesterdy's low) then you want to use a stop (1/8 below yesterday's low) limit (equal to the stop or 1/8 below the stop) order 4) you most definitely will miss some stocks in free fall using this method, but the method keeps you from being short at the bottom of a bounce just my two cents Bob PS you might consider having a complementary account - like Brownco or Preferred Trading which allow you to have stop limit orders on NYSE stocks- Brown will take stop limits on otc stocks