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Gold/Mining/Energy : Buckey's Bottom Bounce Short Term Picks (CDN ONLY) -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (901)	8/26/1999 10:50:00 AM
From: Buckey	Respond to of 5887

Not to beat it to death but I have confrimed with a broker/CA that I know that it is indeed taxable as it is a gain - at some point the broker realeases the money to you for the sell and frees up ypour money you had to use to sell the short It would cost you $20k to short 100k of ETN at .40 in a 50% margin acct. That $20k is still tied up for the year or whatever the exact period is - Remember the brokerage house has collected $40k on the sale - at some point they will relaes that $40 k to you for a $20k gain which is taxable. I will post this question to Pavlov on his thread and link it here