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To: Matrix_Man who wrote (36140)12/31/1999 1:09:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 93625
 
Matrix, I believe shorts have to mark to market at the end of the year and pay taxes on winning positions anyhow (that was brought about to prevent shorters that short stocks to death avoiding paying taxes altogether when the target is finally taken out and shot for good, they never covered and thus never paid taxes on those shorts), therefore, why take the risk? Take the profits, particularly if it compensates for losses elsewhere. Thus early next year, you may actually find that support at $66 evaporate and disappear altogether. We'll see, I have my stop not too far from here, If I am taken out, well.

Zeev