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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: John Dally who wrote (69163)	10/17/1999 1:10:00 AM
From: Greg Jung	Read Replies (1) \| Respond to of 132070

Answer is no. They eliminated loophole where you could "short against the box" until long-term gains come up, and FRTE is at this point the essential equivalent of sunw. So it wouldn't stand very close scrutiny. Besides, if she doesn't need the money yet the stock is pretty safe where it's at even if the air is a little thin there. Good performers perform even better later in the year, when the poor performers get worse. Just so she doesn't need the money or a margin from the equity. Greg

To: John Dally who wrote (69163)	10/17/1999 11:12:00 AM
From: Knighty Tin	Respond to of 132070

John, Yes. She would basically be long the stock and short the stock with no capital gains involved until the position was closed. The negative is, such a position eats up a lot of capital for no return, so make certain she gets a rebate on her short sale if she goes this route.