Three Amigos Stock Thread Message Board

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Strategies & Market Trends : Three Amigos Stock Thread

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To: Phil Jacobson who wrote (5114)	5/23/1998 10:30:00 PM
From: Amigo Mike	Read Replies (1) of 29382

Hi Phil, We you be so kind as to let me know when you come across another scam stock that is shortable. One of the most interesting stock market plays ...... shorting a stock you know is a scam ........ is most intriguing to me. Why you say ??? As it turns out (or as I understand the deal) ...... you NEVER HAVE TO PAY TAXES IF THE STOCK DIES. How ???? Well I have been told that basically if the company goes into bankruptcy or liquidation ..... you never really have to buy back the stock. Say you sell short at $7 ... the company closes, liquidates, goes bankrupt, etc ...... in actuality when the stock goes to 1 cent or half cent or just becomes worthless ..... you don't really ever have to cover the shares !!!! You keep all the money. I'd just love to try it out and see what happens. Amigo Mike

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