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Biotech / Medical : Pediatrix Medical Group (PDX) -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Bob who wrote (368)	12/30/1999 1:47:00 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 431

Dr. Bob, Wrong and right. Date of record for stock tax purpose is the long's transaction date (buy or sell trade date). Shorts however have the settlement date as date of record, three days after they close their short position. Shorts would want to defer taxes on their profits to next year while tax loss selling longs must sell this year to offset any gains in 1999. Is that clear? There are still longs that bought much higher selling for tax loss, that ends tomorrow. The shorts can cover as of yesterday for tax gains in 2000. When the tax loss selling ends, the stock will appreciated giving a wake up call to the shorts to close out. It could be quite a squeeze. The shorts should have covered yesterday if they had any sense. Go long, have some fun with this mother of all short squeezes coming.

To: Dr. Bob who wrote (368)	12/30/1999 2:04:00 PM
From: Nero	Respond to of 431

Hey Doc, Stock transactions take 3 days to clear, but the nominal start of the holding period clock is the day after the trade date, not the settlement date. Bottom line, you can close a position today and it is on the books as a 1999 trade -- the capital gain/loss is all in this tax year. Since a short-sale is considered a short-term capital gain/loss regardless of how long the position is held open, short sellers have no reason to wait past Jan. 1 to cover -- unless they really believe PDX is going substantially lower. I'm rubbing my hands together.