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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: alan hardy who wrote (1551)	4/11/1999 8:49:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 1729

alan, if you are selling your long position no uptick is needed. However, you will not end up boxed in that case. As I understand it. most brokers lend shares to short from a pool of shares, there is no specific designation that you are shorting 1000 WXYZ from account #123456789. If you want to create a short position, the uptick rule will apply regardless of whether you are boxing or not. The only way to create an uptick is to bid above a downtick bid. That defeats the purpose if you are trying to short. Aside from that, you may want to avoid boxing. A poster named steve goldman, who is a trader for Yamner & Co, and I had a conversation on how the rules concerning boxing have been tightened up as to make the strategy almost useless, and may put you in violation of exchange rule. I believe the conversation started with this post: #reply-7854134. I used to be a big fan of boxing (stocks), but have been convinced to drop the strategy. Barb