Forum Archive Index - February 2004

["Woody" <solarmax@optusnet.com.au>]

John
It is easy to open an account with a US Broker and trade US Stocks. You can
Short them, But options on them and Buy and Sell the Stock. For my money I
see nothing better.
I recently bought Microsoft Shares, Hedged them with a 36 Month Leap ( long
term option ) Made an excellent return on its last rally now I am positioned
to cash in on the decline. Did the same with Cisco and Amazon .com..

Woody
----- Original Message -----
From: <John.Loveridge@nz.logicalcsi.com>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, February 03, 2004 11:22 AM
Subject: [sharechat] Stock Lending Enquiry


> Does anyone out there know of a broker(s) that allows the shorting of
> equities, I am sure collateral will be needed at 105% approx , or even be
> able to use my shareholdings as collateral for others and gain OCR as fee.
> This type of trading happens in most western indicies but not little ol'
NZ
> as far as I can tell.
>
> TIA
>
> jrbl
>
>
> Software Developer
> Logical Csi Ltd
> Level 4
> 195 Hereford St
> Christchurch
> ph (03) 3644 371
> mobile 027 221 9730
>
>
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