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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (57601)	4/27/1999 1:56:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 132070

Hi Mike; Thanx.. I wish I could get the short sale rebate but waterhouse don't think I'm big enough to deserve it, I did ask and got a what r u crazy look. <G> Another thing I didn't mention is look out for the dividends that u have to pay on the short of MDY , but for the most part they are to small to hurt or I can skip over them. Tell me what happens though if your short and the trust pays out capital gains ? I'v never got caught short when that happened and forgot to ask the broker. ----------- Meanwhile I'm really getting into playing the spiders, so far calling them ( short term ) is like a cake walk , except for taht QQQ ( they have some smart specialist and she seems to skew ahead of the NDX moves thus putting a hidden cost into playing her ). There is not a lot of profit in the spider plays I make but the win ratio with my new style has been a flat 100%, so far and only one time did I have to hold over 2 days, actually I held it 4 as it kept going up. <G> I think the term they give what I'm doing is "scalping"; what ever it is I'm working my arse off at it. <G> I say it's a cake walk as it's sort of simple, but it is a lot of work, and polling all the "leaders" interday in each spider takes up so much time, I don't have any time left to pick stocks. Jim