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Strategies & Market Trends : LastShadow's Position Trading
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To: dj8000 who wrote (3600)12/3/1998 10:27:00 AM
From: Ira Player  Read Replies (1) of 43080
 
Shorting against the Box, to make a profit on a short term downturn is different. I thought you were looking to avoid the uptick rule.

Either way, to sell the long when shorted against the box, an uptick would be required.

I believe (check with an accountant to be sure) you must cover a short against the box before end of January to avoid tax liability on the long this year.

Ira
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