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To: Bearded One who wrote (99303)4/6/2000 1:49:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
for the tax benefits

That's what I don't understand? There is NO long-term cap. gain treatment (20%) for short profit regardless of the holding(shorting) period. Any and all short$$, are always treated as short-term cap. gain/loss for the tax purposes. Options receive the same treatment as well.