Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Think4Yourself who wrote (39020)	3/5/1999 10:56:00 AM
From: Big Dog	Read Replies (1) of 95453

You would be left with the proceeds from the short sale, and yes, that would be a taxable event, probably reverting to your original basis in the stock...in effect, you sold the stock at the price you shorted it at but stopped market exposure and deferred cap gains tax. Beats me... big loosbrock.com

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