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 : Xylan -- Ignore unavailable to you. Want to Upgrade?

To: Tom West who wrote (3375)	11/8/1998 2:14:00 PM
From: Lorare	Respond to of 4135

Regarding the short interest, they changed the tax law in 1998 on how short sales vs the box are treated. As I understand it, those long the stock this year and who hedged their position with a short sale vs the box, must cover their shorts by November 30 lest the short sale be considered an actual sale for tax purposes. I am not an expert in this area and perhaps those who are may clarify this. What it means, however, is that for the next several weeks there will be tax driven short covering on XYLN.