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.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (35269)	6/18/1998 4:38:00 PM
From: Pierre Aydin	Read Replies (1) \| Respond to of 53903

<< ratan, you are telling me that if someone gives my 1 million shares i can not legally short 1 million shares to lock in profits? it is now illegal for me to short? are you sure?>> You could lock in profits but you have to pay Capital Gains Tax at the end of the year, the tax law was changed. Pierre

To: Skeeter Bug who wrote (35269)	6/18/1998 4:42:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 53903

Skeeter - I am not clear on this. It may have to do with TAXES or it may be in violation of some statute. About 2 months back they came out with a ruling that if you shorted against the box (theoretically you bought other shares with the money) then the transaction had some problem (either it was taxed right away or was not allowed). One of my friends sold his shares in the company he took public and the brokers arranged a short against the box to spread his risk and put him in safe stocks. Will check into details and let you know. BTW as I posted to you, TXN is in fact giving MU a $750 Mil loan.