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To: hobo who wrote (9295)1/25/2001 10:00:16 AM
From: bigja  Read Replies (1) | Respond to of 10876
 
Tocano,

Thanks for your detailed explanations...very helpful.

On a somewhat related topic...I heard last week on CNBC that if you are short a stock the goes bankrupt( the example they were using was GlobalStar) your "profits" may not be taxable since the position was never covered....another one for a tax atty to answer.

Thanks Again