MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr. Aloha who wrote (73964)	4/3/2001 1:17:57 AM
From: Mr. Aloha	Read Replies (1) of 99985

The Globalstar woes reminded me of another point on shorters not needing to cover to raise cash to pay taxes. Shorters get cash up front when they sell, and don't necessarily need to ever cover and trigger a taxable gain. I sold a bunch of Globalstar and its LEAPs last year and haven't triggered a gain by covering yet. I've had the cash for months to pay taxes on the shorts I did cover and the longs I did sell last year. Again, I don't think short covering to pay taxes will spark any rally before 4/15. I know I ain't covering my GSTRF, nor will I be buying back those 2002 Globalstar LEAPS...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next