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Re: Yhoo 3 of 3



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<DIV><FONT color=#000000 size=2>Rick:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Are you able to avoid the uptick rule with 
SPYDERS?</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Thanks,</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Bruce</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Rick Mortellra &lt;<A 
    href="mailto:rmjapan@xxxxxxxxxxxxx";>rmjapan@xxxxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>MetaStock List &lt;<A 
    href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Monday, December 15, 1997 5:01 PM<BR><B>Subject: </B>Re: Yhoo 3 of 
    3<BR><BR></DIV></FONT>
    <DIV>Harley,<BR><BR>Suggest you take a look at the IRS &quot;wash 
    sales&quot; rule before the end of the<BR>year. You may have a rude tax 
    &quot;surprise&quot; 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&amp;P Spiders (SPY) 
    to play the downside. Check them<BR>out on the AMEX. In fact, outside of a 
    few S&amp;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 &lt;<A 
    href="mailto:meyer@xxxxxxxxxxx";>meyer@xxxxxxxxxxx</A>&gt;<BR>To: Dick &lt;<A 
    href="mailto:dick@xxxxxxxxxxxxx";>dick@xxxxxxxxxxxxx</A>&gt;<BR>Cc: <A 
    href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A> 
    &lt;<A 
    href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>&gt;<BR>Date: 
    Tuesday, December 16, 1997 5:15 AM<BR>Subject: Re: Yhoo 3 of 
    3<BR><BR><BR>&gt;Hello Dick &amp; Jerry,<BR>&gt;<BR>&gt;The original idea 
    for me came when I was short and then wanted to go<BR>&gt;long but didn't 
    because you have to sit for ever waiting for the uptick<BR>&gt;to short a 
    NASDAQ stock.<BR>&gt;<BR>&gt;So I decided to open another account. Then I 
    can be short in one account<BR>&gt;and daytrade long in the other account if 
    the opportunity came up. I<BR>&gt;trade over the internet so I don't have 
    the luxury of being able to call<BR>&gt;the broker to do as your friend. But 
    in essence I get the same results.<BR>&gt;Except he gets to short on the 
    down tick is the only diffference.<BR>&gt;<BR>&gt;There is one advantage 
    that I see. If something goes against you, you<BR>&gt;can go flat and lock 
    in that lose in hopes to work your way out of it.<BR>&gt;That is what I am 
    doing with YHOO. You can lock in proftis as well with<BR>&gt;out closing out 
    the position. Which what I could of done with YHOO a few<BR>&gt;days 
    ago.<BR>&gt;<BR>&gt;Now this is all new to me Jerry so I might look back at 
    this and say,<BR>&gt;&quot;Gee was I spinning my wheels.&quot; But for now 
    it keeps me on my toes and<BR>&gt;keeps me working at this. I get bored very 
    easy. (Must be that 120 IQ.)<BR>&gt;<BR>&gt;Well better go, YHOO is a 
    movin'<BR>&gt;<BR>&gt;Harley<BR>&gt;<BR>&gt;&gt; P.S. Harley, is this what 
    you do 
?<BR>&gt;&gt;<BR>&gt;<BR>&gt;<BR>&gt;<BR>&gt;<BR></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 15 19:09:17 1997
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From: "Rick Mortellra" <rmjapan@xxxxxxxxxxxxx>
To: "Bruce Russell" <russell@xxxxxxxxxxxx>
Cc: "MetaStock List" <metastock-list@xxxxxxxxxxxxx>
Subject: Spiders
Date: Tue, 16 Dec 1997 11:46:38 +0900
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<DIV><FONT color=#000000 face=Arial size=2>Hi Bruce,</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>Yes, you can sell the SPDR (it's pronounced 
&quot;spider&quot;) short on a downtick. They even pay a quarterly dividend. 
Good volume too. About 2 million a day on average. There's a Midcap 400 SPDR as 
well, ticker MDY I think. Again, check the AMEX's web site for details and a 
prospectus.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>Merry Xmas,</FONT></DIV>
<DIV><FONT face=Arial size=2>rick</FONT>&nbsp;</DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Bruce Russell &lt;<A 
    href="mailto:russell@xxxxxxxxxxxx";>russell@xxxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>Rick Mortellra &lt;<A 
    href="mailto:rmjapan@xxxxxxxxxxxxx";>rmjapan@xxxxxxxxxxxxx</A>&gt;; MetaStock 
    List &lt;<A 
    href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Tuesday, December 16, 1997 11:15 AM<BR><B>Subject: </B>Re: Yhoo 3 of 
    3<BR><BR></DIV></FONT>
    <DIV><FONT color=#000000 size=2>Rick:</FONT></DIV>
    <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>Are you able to avoid the uptick rule with 
    SPYDERS?</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>Thanks,</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>Bruce</FONT></DIV>
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        <DIV>&nbsp;</DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 15 20:39:46 1997
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Date: Mon, 15 Dec 1997 22:37:16 -0600
From: Harley Meyer <meyer@xxxxxxxxxxx>
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Subject: AIMmutual funds
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I am not sure if I should believe this but these funds were trashed
today. Here are a few of the losses. I will skip the fund name to save
time but they are all in the AIM family and class A.
-1.99,-3.56(value A),-3.36(Weingarten A),-0.54(Blue Chip), -1.50, -1.00,
-1.37, -2.29(Constellation)

Pretty bad.

Harley