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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (25944)2/9/2003 12:53:05 PM
From: orkrious  Read Replies (2) | Respond to of 57110
 
can someone help me with a tax issue?

prior to 2002, I never held shorts in an account that wasn't marked to market. I have been reconciling my Harris Direct account and it appears that dividends that I paid on shorts were not offset against other dividends that I received.

What am I supposed to do, reduce the original value of my short sale for the dividends I paid, which has the effect of reducing my capital gain (or loss)?

tia

ork



To: Jorj X Mckie who wrote (25944)2/9/2003 1:06:52 PM
From: Perry Ganz  Read Replies (1) | Respond to of 57110
 
Morning Jorj
I think the bounce (assuming) gets us to at least SPX 880
Wow, that's a pretty big bounce. I don't think we get that big a bounce until the shooting starts. Hoping for pop up to the 835-840 range to buy my puts back but not at all confident we will get it.
Perry



To: Jorj X Mckie who wrote (25944)2/9/2003 1:35:31 PM
From: X Y Zebra  Read Replies (1) | Respond to of 57110
 
morning...

Thanks for those charts...

Tomorrow...

Maybe these war news will affect which ways it turns out.

There seems to be support by Russia to continue with inspections and a new push to have Iraq agree to disarmament using peaceful means.

news.bbc.co.uk

So now, we have France, Germany and Russia opposing the US for a unilateral war effort. (not that the US will stop to go to war on its own with support of the UK and Australia, mainly), but the repercusions and degree of difficulty will increase. (i.e Turkey seems opposed to have their air beases used by US planes/troops)

The stance of other countries as far as the war goes...

news.bbc.co.uk

and the inspectors view...

washingtonpost.com

The question now becomes whether the US will go it alone at the risk of certain key players opposition to do so. And/or... if the peace efforts succeed... will the US and NATO forces be stationed in Baghdad to keep an eye, while Saddam is removed ? What would the oil interest think of this ?

nzherald.co.nz

<snip>

Analysts said Shell faced big structural problems, including a continued deterioration in its ability to replace reserves with new finds and a struggle to keep output up.

Asked about the aftermath of a war in Iraq in terms of exploiting oilfields, Jeroen van der Veer, head of the Dutch arm of the business, said: "If there is a new situation in Iraq, then we hope there would be a level playing field for all companies."

BP made similar noises last year, voicing fears that US firms may get the lion's share.


This, imo will make markets simply continue to erode slowly since the uncertainty keeps on lingering....



To: Jorj X Mckie who wrote (25944)2/9/2003 1:46:21 PM
From: mishedlo  Respond to of 57110
 
I think you have the Naz and the spoos backwards.
This war is worse for non-tech than tech IMO and max pain on the spoos is about 875 with strong resistance at 850 and 860. Options resistance at 850 as well.

Naz has options resistance at about QQQ 25.

M