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Re: fung_derf post# 128990

Monday, 04/01/2024 5:18:12 PM

Monday, April 01, 2024 5:18:12 PM

Post# of 131276
You obviously have never read Title 26 of the IRC, otherwise known as the Tax Code. If a MM shorts a stock and covers thier short....it is a Capital Gains Taxable Event.....if they short, and the company goes out of business and they do not cover, it is NOT A TAXABLE EVENT...so all thier gains are tax free. This is where is gets interesting.....once in a while, an otc company does something fundamentally positive....and the MM have unlimited liability, unless they cover, which will drive the price higher then expected. I speak from both sides of the market. Be selective in what you invest in, know it inside and out...then take the biggest position you feel comfortable with and sit on your hands....is that a train heading our way in the tunnel thats going to squash us....or is it THE LIGHT AT THE END OF THE TUNNEL?
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