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Technology Stocks : Booking Holdings (formerly Priceline) -- Ignore unavailable to you. Want to Upgrade?

To: Prof. who wrote (1094)	5/4/1999 4:32:00 PM
From: Gerald Walls	Read Replies (2) \| Respond to of 2743

Your nuts, if you are long and short the same stock, you make no money, no matter which way it goes, cause every dollar you make on the long side, you loose on the short side. Exactly. It's a safe way to flatten your position without the risk of not being able to find the stock to borrow to go short again, or having to wait for an uptick in a plunging stock. If you think a stock may rally, instead of covering your short you can box it (go long against your short) and then when the rally is done you sell your long and you're short again. If you cover your short then you have find the stock to borrow again and the stock may drop 7, 8, 9 points without an uptick while you wait for your short sale to go through. Far from nuts, it indicates a plan.