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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: dj8000 who wrote (3600)	12/3/1998 10:27:00 AM
From: Ira Player	Read Replies (1) \| Respond to of 43080

Shorting against the Box, to make a profit on a short term downturn is different. I thought you were looking to avoid the uptick rule. Either way, to sell the long when shorted against the box, an uptick would be required. I believe (check with an accountant to be sure) you must cover a short against the box before end of January to avoid tax liability on the long this year. Ira

To: dj8000 who wrote (3600)	12/3/1998 10:53:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 43080

>>i know that some one hold COKE as core holding(hold for years) and short it when it's too overvalued. << And what does this gain them other than locking up their money? They still have to pay taxes on the gains and they cant sell the long position unless they sell it as a limit order. >>i don't see the different between that and what i want to do with internut.<< Well the difference is, unless you are careful when you sell your long position, You might be breaking the law.