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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: TraderXx who wrote (11451)	9/9/1999 7:50:00 AM
From: Dale Baker	Respond to of 18998

Taxes - eventually the IRS requires you to declare the SRCM stock worthless and take the capital gain. As for your proceeds, check with your broker.

To: TraderXx who wrote (11451)	9/9/1999 8:44:00 AM
From: Q.	Read Replies (1) \| Respond to of 18998

TraderXx: you appear to be mixing up several unrelated things. I was wondering in the case of shorting SRCM to bankruptcy...depending on if there is a secondary market for the shares (not!) when they reopen for trading after the SEC has halted trading Bankruptcy, and an SEC halt to trading are entirely different things, if they happen. BK might happen next year, but if it does the stock will likely continue trading for quite some time. When it happens, the only immediate effect will be that an extra letter will be added to the ticker symbol. There's no reason for me to expect the SEC to halt this particular stock. They do this mainly with stocks traded on the BB, and only when they have reason to believe that the company is perpetrating a huge misinformation scam or something similar, which is unlikely for a reporting company on the nasdaq like SRCM. They won't halt it if it goes BK. and you referred to taxes..would you please explain that case for me The tax thing has to do only with stock that becomes worthless, and that is not necessarily related to the other two things that you mentioned (bankruptcy or halted trading).