INTC Message Board - Msg: 1789969

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Technology Stocks : INTC

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Dave Budde who wrote (572)	7/18/1997 10:46:00 AM
From: Frodo Baxter	of 990

No go. If the stock declines (which is why you want to sell in the first place), you still pay short-term taxes on the short. Also, from my reading of the byzantine tax booklets, I don't think you can short against the box to convert a short-termer to a long-termer. The time held in the box is not accretive. I think. Most brokers don't charge interest on stock sold short (in fact they should be paying you interest--they don't). However, I sell on valuation and to free up capital for other investments. Shorting against the box means I need to double down just to stay even. Although I am in effect flat, I think most brokers don't waive the maintenance requirements for the box. In any case, these strategies don't work for options.

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