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<DIV><FONT color=#000000 size=2>Rick:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Are you able to avoid the uptick rule with
SPYDERS?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Thanks,</FONT></DIV>
<DIV><FONT size=2></FONT> </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 <<A
href="mailto:rmjapan@xxxxxxxxxxxxx";>rmjapan@xxxxxxxxxxxxx</A>><BR><B>To:
</B>MetaStock List <<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>><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 "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 <<A
href="mailto:meyer@xxxxxxxxxxx";>meyer@xxxxxxxxxxx</A>><BR>To: Dick <<A
href="mailto:dick@xxxxxxxxxxxxx";>dick@xxxxxxxxxxxxx</A>><BR>Cc: <A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>
<<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>><BR>Date:
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
?<BR>>><BR>><BR>><BR>><BR>><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> </DIV>
<DIV><FONT face=Arial size=2>Yes, you can sell the SPDR (it's pronounced
"spider") 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> </DIV>
<DIV><FONT face=Arial size=2>Merry Xmas,</FONT></DIV>
<DIV><FONT face=Arial size=2>rick</FONT> </DIV>
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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Bruce Russell <<A
href="mailto:russell@xxxxxxxxxxxx";>russell@xxxxxxxxxxxx</A>><BR><B>To:
</B>Rick Mortellra <<A
href="mailto:rmjapan@xxxxxxxxxxxxx";>rmjapan@xxxxxxxxxxxxx</A>>; MetaStock
List <<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>><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> </DIV>
<DIV><FONT size=2>Are you able to avoid the uptick rule with
SPYDERS?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Thanks,</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Bruce</FONT></DIV>
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<DIV> </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
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