Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (13341)	10/3/1999 10:20:00 AM
From: Jock Hutchinson	Read Replies (2) \| Respond to of 19700

just sell it if you think it is going down. not even sure if tax code accepts shorting against the box at the current time. For a guy who runs an international business (?), you are sadly lacking in basic knowledge. Currently shorting the box is not accepted as a method for postponing paying capital gains. When one shorts, the box, it is now considered to be a constructive tax sale, and one pay taxes on the stock originally purchased as if were sold on the date of the short sale. Thus, the only reason for shorting the box would be to avoid the downtick rule in shorting a stock--which by the way makes it an excellent tool with which to trade.