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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (54)	1/20/2002 4:57:50 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 613

Hello Bill...Thanks for the explaination about why options are sold as soon as they are exercised. I for one didn't know that. And thanks for your ongoing TA of TWG.

To: bill who wrote (54)	1/20/2002 8:47:18 PM
From: VAUGHN	Read Replies (1) \| Respond to of 613

OK Bill But I presume this concern only applies to selling, especially Call Options. If you had held Puts on Nortel or Enron last year you would not have sold until last spring (Nortel) and last month (Enron). Presumably the IRS only wants its $$$ once the option is exercised? So if the Option loses Time Value, can you claim that as a capital loss, or can you only claim Intrinsic Value? I used to play commodities and this was always tricky. What about Warrants, does the IRS value those on Dec. 31st or does it wait until they are exercised? Kind of academic for me now since I am simply trading stock in long positions (RSP restrictions). Regards Vaughn