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To: Bill Harmond who wrote (9043)4/2/1998 8:34:00 PM
From: Ty  Read Replies (1) | Respond to of 27307
 
>> You never lose the tax benefit.

I'm not sure exactly what the tax code is but another thought I had about shorting internet stocks is that you don't won't to be holding a short position too long (ie, you would cover your short within a month). Under these conditions, you would lose out on tax benefits by re-shorting and covering within a month.