Re: Yhoo 3 of 3

["Dick" <dick@xxxxxxxxxxxxx>]

Hi Jerry,

I know a guy who trades out of two accounts, one of which is short, with the
other long. This puts him "flat" at any time the two accounts have equal
number of short/long shares.

What this accomplishes, is the ability to go short without an uptick.(by
selling the long shares and keeping the already existing short shares)

I think he only uses it in down markets (like now) and it beats the living
daylights out of trying to get puts filled on a big down day.

I'm not sure how successful he is with it, but it is an interesting idea, no
?

Dick

P.S. Harley, is this what you do ?

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Date: Monday, December 15, 1997 9:12 AM
Subject: Re: Yhoo 3 of 3


>Harley....
>
>I just have to ask this question.  Have you ever talked to a successful
trader
>who trades a stock, or any stock, for that matter, by being long and short
at
>the same time?  I have used "short against the box" for tax purposes, but
>never for trading.
>
>You have to make, at the minimum, two to four times the number of decisions
a
>normal trader makes.  I just cannot bring myself to believe that what you
are
>doing makes any trading sense.  Is there anybody out there who agrees or
>disagrees with me?  Please comment and then I will drop the
subject....after
>all, it is not my money!!
>
>Jerry
>