INTC Message Board - Msg: 1789808

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Technology Stocks : INTC

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Frodo Baxter who wrote (568)	7/18/1997 10:26:00 AM
From: Dave Budde	of 990

Lawrence, re: "Anybody have any tax tips for short-term gains?" Sell the stock short agains the box and hold until the original stock goes long term. Then close out both positions. This makes your original investment long term. The short sale and subsequent buy back is always short term no matter how long you hold it. But it locks in the gain of the original investment. The downside of doing this is the extra commission, interest on the short position (you're basically taking out a loan) and any upside in the original stock that you didn't sell yet is lost (but downside is protected). Some brokerage firms won't even charge you interest on the short sale if the long securities are in your account. In any event, this is negotiable.

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