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Technology Stocks : Intel Corporation (INTC)
INTC 47.96+1.7%10:57 AM EST
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To: Wowzer who wrote (6291)12/12/1996 2:36:00 PM
From: Bernard Newman   of 186894
 
The only benefit of shorting against the box is that it locks in your profit NOW but defers the gain (and tax due) until LATER. Perhaps you have a stock that has reached your target price NOW and you've owned it for 11 months. You believe that it might fall far and fast and soon. You're in a high tax bracket. So you short against the box,
now, lock in your gain, then cover your short and sell your long shares next month and get the max 28% capital gains tax rate. Can result in BIG tax savings for high tax bracket folks.
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