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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (10246)	3/8/1998 10:02:00 PM
From: eric deaver	Read Replies (1) \| Respond to of 13456

Just scanned through last 30 posts. Haven't looked at this one for awhile. Got burned once but could have made a boatload had my timing been better. Got a little too greedy and then emotionally involved. Questions: Does anyone know how APM is doing on MR and GMR research and product development? What does the cash situation look like? All used up yet? May be time to start watching this one again. Thanks, Eric

To: AlienTech who wrote (10246)	3/8/1998 11:02:00 PM
From: WTMHouston	Respond to of 13456

Just read a newsletter today from my CPA that had an article on shorting against the box (satb). It is not illegal, but as of 6-9-97 it is just treated as a constructive sale. Any such satb before 6-9-97 can stay open indefinitely without it being treated as a constructive sale. The major exception is that a transaction that would otherwise be a constructive sale will not be treated as one if it is closed before the 30th day after the close of the tax year it was entered into and the original appreciated position (the long position) is held at risk for at least 60 days following the close of the sale. So says my CPA..... Edit: Had the above all typed and posted before I read your last post. I am more than a little surprised the buying a put is considered a constructive sale though. The only apparent remaining non-taxable alternative is to write a covered call...it won't eliminate all downside risk, but it will hedge it and will produce a little immediate income...an in the money call though might also be treated as a constructive sale since it is almost certain to be executed and thus will result in a sale of the securities. I suppose the moral of the story is close all your hedge positions by 1-30 of the following year and then stay at risk for 60 days.... Troy