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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Big Dog who wrote (39015)3/5/1999 10:42:00 AM
From: Platter  Read Replies (1) | Respond to of 95453
 
Oil off 4 cents at 13.31,on profit taking after run up in past few days. contract holding up well. OSX down .27



To: Big Dog who wrote (39015)3/5/1999 10:44:00 AM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
Now I am REALLY confused. Wouldn't you incur the Capital gain when you covered the short? Also, if you deliver the shares to close the position, are you not left with nothing?

Thanks for your explanation in advance.
ken