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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (90493)	3/30/2001 9:56:15 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

PK, I have not drawn a check. The firm was insistent that I have all my paperwork in place two weeks before I started work and still can't cut a check until I've been working a month. To tell you the truth, I kind of expected it. The firms that are the tightest on you doing all of your homework are the most slovenly about doing their own. I also have no health insurance card, no dental insurance card, no vision insurance card, no way of identifying myself as an employee and no phone. Well, I do have a phone, but it is not linked to the switchboard and actually belonged as personal property to the woman who had the office before I arrived. However, I do have plenty of study books. Yawn! Oddly enough, despite the fact that I thought I knew everything, there are many things I didn't know about that I am learning. I could pass the test without knowing them, but it would be nice to get higher than a 70%. <g> Also, there are many things that they are teaching wrong and I have to learn the wrong answers for the test. Just like Wharton. <g> Covered calls taxation is not a violation, as I am not a tax consultant by profession. If the call is closed by purchase or worthless perspiration, it is the same as a stock. You simply look at the holding day to see if it is long term or short term. If the stock is called, then the holding date of the stock is the key starting point and the call premium merely reduces your purchase price. BTW, this is for calls on physicals. For futures calls, all transactions are 60% long term and 40% short term, no matter what the holding period. You've been promoted to mere mortal? <VBG>