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.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: chester lee who wrote (3204)	1/9/1999 2:17:00 AM
From: Bear Down	Read Replies (1) \| Respond to of 122087

John G. is an EXCELLENT source. I havn't seen drakes around lately, any clues??

To: chester lee who wrote (3204)	1/9/1999 2:22:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 122087

"In that case, you must recognize gain as if the short sale were closed when the property became substantially worthless. Sheesh, it could be argued that all manner of companies are 'substantially worthless' yet still trade. My understanding was that the Fed actually makes a designation of 'substantially worthless'. Therefore a short of BXMNF which is substantially worthless and has been declared so has taxes due this spring, versus not due on a short of PNDA which is also substantially worthless but has not been declared so. This example assumes that BXMNF has been declared 'substantially worthless', of which I have no knowledge. Barb