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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Ocote who wrote (3965)11/15/1997 9:33:00 AM
From: Daniel Goncharoff  Respond to of 120523
 
I do not think life is that simple.

In order to short a stock, you must borrow it. I believe when a stock goes bankrupt, the borrow is closed out, forcing you to buy it in for the few pennies that even bankrupt stocks tend to trade for.

TheGonch



To: Ocote who wrote (3965)11/15/1997 10:50:00 AM
From: AlienTech  Read Replies (1) | Respond to of 120523
 
>>>>If the stock disappears you "never have to cover" <<
I also think you never have to report a gain to the IRS. <<

Sorry to burst a bubble here but this was and is not the case anymore. When a company goes out of business so does the stock and the irs by default also closes out your position for tax purposes..
Paying the piper is getting easier these days.. they just take and take and take..


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