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Non-Tech : YEAR 2000 STOCK PICKING CONTEST -- Ignore unavailable to you. Want to Upgrade?

To: Sid Turtlman who wrote (196)12/27/1999 3:36:00 AM
From: Doug R  Respond to of 1146
 
Sid,

Exactly how do you cover a short that has gone to 0? I would presume that a defunct stock can not be bought. How do you return such shares to your broker?
And..."...the ideal short, known as a "terminal" short, because as it goes down you put the proceeds of your short sale in your pocket"
How do proceeds go into your pocket if the position has yet to be covered?

curiously,
Doug R



To: Sid Turtlman who wrote (196)12/27/1999 3:40:00 AM
From: Katie Kommando  Read Replies (5) | Respond to of 1146
 
Sid,

Thank you for your very articulate response. I love the phrase "terminal" short!! The part about not owing taxes because you have not covered yet is particularly interesting. I would be very interested in what companies you think would be good short candidates.

I won't add a shorts category yet to the contest . . . let's wait and see if more people request it.

Thanks,

Katie K.


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