APMP (formerly APM) Message Board

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Strategies & Market Trends : APMP (formerly APM)

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To: AlienTech who wrote (11270)	5/24/1998 12:55:00 PM
From: Richard Haugland	Read Replies (1) of 13456

I believe that AT will know the answer to this one: If the stock stops trading or goes to zero (like ZE), I believe the shorts never have to cover. They just walk away free. Moreover I seem to remember something about this being tax free because they still have a "position" in the stock but that could be here say because why would the government permit that? Maybe the company would come back from the ashes and they would eventually be forced to "cover". When I think that I got out of APM for "only" about a 30-40% average loss (except for the bigger real losses because of purchases on margin) and what I could have gotten into had I stayed in, I have to count my blessings.

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