Vivus: into single digits Message Board

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Biotech / Medical : Vivus: into single digits

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To: BDR who wrote (170)	4/8/1998 12:58:00 PM
From: DDS-OMS	Read Replies (1) of 1016

<<Some of them may have been short since February a year ago and if I as an individual were one of them I would sit tight and wait for the clock to tick forward to the most favorable capital gains rate holding period.>> Unfortunately, there is no favorable capital gains rate for shorts--it is all short term gains no matter how long the short position is held before covered. I guess the convoluted IRS thinking is that if you bought today (covered a short position) that you never "held" the stock at all--in fact if you sold it last Feb, you would have a -14 month holding period.

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