Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (12233)	12/8/1997 9:07:00 AM
From: celeryroot.com	Respond to of 32384

I think the tax laws have changed on shorts in last couple years, so I'm not sure. Before you could hang on with tax free money, I used it a couple of times to divert income to the next year. Not sure that works any more. I'll try and find out today on tax law and covering.

To: Arthur Radley who wrote (12233)	12/8/1997 9:34:00 AM
From: Henry Niman	Respond to of 32384

TD, I think that the lion's share of the Farallon short postion has been in place since 1995. They have added to it over the years, but I think that the Dec 5 filing was the first sign of covering. I thought that the arbitrage position would include the lion's share of the 3.6 million short position (for everyone) reported as of Nov 15.