Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 68.27

+0.7%

3:59 PM EST

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To: Rono who wrote (22962)	4/6/2001 9:50:56 PM
From: Jon Koplik	of 29987

Re : rush to cover a short in a soon to be worthless security -- one scenario I have thought about : If something like this happened in December of some year, and someone WANTED to have a completed P & S (purchase and sale) (i.e. -- "sell" confirmation slip from the previously executed short sale, AND "buy" confirmation slip for the purchase used to cover the short) ... then, there might be a "rush" of buys before the last day of the year. (This would only make sense if people wanted to book a profit in that tax year. Usually, people would always rather have a profit in a later tax year ...) Maybe early January of a year might make this idea make sense (?) (People wanting to "nail down" their profit, and not have to worry about the last 10 or 20 cents). Jon.

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