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To: edamo who wrote (110962)3/23/1999 7:44:00 AM
From: Mr. Aloha  Read Replies (2) | Respond to of 176387
 
Agree with the strategy.

As I understand tax law (I'm not a CPA), when you short an option or stock and cover for profit later, no matter how much later, it's a short-term capital gain. You technically never hold the option or stock, so you have no holding period.

Can anyone confirm this? Thanks...

Mr. Aloha