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Technology Stocks : WAVX Anyone?
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To: Wooly who wrote (8427)7/26/1999 2:55:00 PM
From: Smilodon  Read Replies (1) of 11417
 
Please point out the factual critique of the Barron's article, I cannot find it.

You miss the point on GT0 shorts. You NEVER cover. You NEVER realize a gain. You get to keep and spend the proceeds of the short sale. In effect, it is tax free. Now there is some risk in still having the short. And, I am told if you can't find a bid somewhere for the stock, you must declare a gain. But not for a long time. It can be much better than a long term capital gain. But they are hard to find.
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