Trading Reference Links
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<DIV>Harley,<BR><BR>Suggest you take a look at the IRS "wash sales"
rule before the end of the<BR>year. You may have a rude tax "surprise"
waiting for you by trading in and<BR>out of the same stock that you've incurred
a loss in.<BR><BR>As an aside, shorting individual stocks during a bull market
is a high<BR>risk/low reward game for the small investor. Especially a NASDAQ
stock<BR>because you never know what games the market makers are playing. Like
you've<BR>noticed, when a stock starts to fall it's almost impossible to jump on
the<BR>downtrend because of the uptick rule. If the stock is optionable,
it's<BR>smarter to buy the nearmonth PUT, though the volatility part of the
premium<BR>usually explodes in a fast downdraft.<BR><BR>FYI, when the market in
general goes thru these period corrections you are<BR>much better off selling
S&P Spiders (SPY) to play the downside. Check them<BR>out on the AMEX. In
fact, outside of a few S&P 100 stocks, I trade Spiders<BR>almost
exclusively.<BR><BR>Just my opinion,<BR>Rick
Mortellra<BR>Tokyo<BR><BR>-----Original Message-----<BR>From: Harley Meyer
Tuesday, December 16, 1997 5:15 AM<BR>Subject: Re: Yhoo 3 of
3<BR><BR><BR>>Hello Dick & Jerry,<BR>><BR>>The original idea for me
came when I was short and then wanted to go<BR>>long but didn't because you
have to sit for ever waiting for the uptick<BR>>to short a NASDAQ
stock.<BR>><BR>>So I decided to open another account. Then I can be short
in one account<BR>>and daytrade long in the other account if the opportunity
came up. I<BR>>trade over the internet so I don't have the luxury of being
able to call<BR>>the broker to do as your friend. But in essence I get the
same results.<BR>>Except he gets to short on the down tick is the only
diffference.<BR>><BR>>There is one advantage that I see. If something goes
against you, you<BR>>can go flat and lock in that lose in hopes to work your
way out of it.<BR>>That is what I am doing with YHOO. You can lock in proftis
as well with<BR>>out closing out the position. Which what I could of done
with YHOO a few<BR>>days ago.<BR>><BR>>Now this is all new to me Jerry
so I might look back at this and say,<BR>>"Gee was I spinning my
wheels." But for now it keeps me on my toes and<BR>>keeps me working at
this. I get bored very easy. (Must be that 120 IQ.)<BR>><BR>>Well better
go, YHOO is a movin'<BR>><BR>>Harley<BR>><BR>>> P.S. Harley, is
this what you do
</x-html>From ???@??? Mon Dec 15 18:30:53 1997
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Date: Mon, 15 Dec 1997 21:03:20 -0500
Subject: data storage
X-Mailer: Juno 1.49
X-Mailing-List: <metastock-list@xxxxxxxxxxxxx> archive/latest/6063
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