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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?


To: Tom Allinder who wrote (4612)12/10/2000 12:12:19 PM
From: ChrisJP  Read Replies (1) | Respond to of 4792
 
You are correct Tom, ... if the stock goes belly up your never have to "cover". I believe you simply state on you taxes that you bought it for "0".

why would I cover that position?

Welllllll rather than wait to squeeze the last .50 out of a stock, I'm guessing most people would instead find something else to short that has a longer way to go down .... or Heaven forbid .... go long on something.

Chris