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

To: Think4Yourself who wrote (11029)5/4/1998 9:54:00 PM
From: Frodo Baxter  Read Replies (1) | Respond to of 13456
 
>By the way, does anyone know if short positions automatically cover when a stock is de-listed?

Nope. They start trading on weird places like the pink sheets. You don't pay taxes until they're worthless. That's ZERO, not 1 dollar, not 1 cent.

In short, don't cover.



To: Think4Yourself who wrote (11029)5/5/1998 8:57:00 AM
From: ivan solotaroff  Respond to of 13456
 
K.

BTW, according to the strict interpetation of the rules, your broker should be paying you interest on the net total of your short holdings. They never do, of course, but who knows, you might want to point it out to him/her.

Ivan


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