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BonelessCat

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BonelessCat

Re: gtv post# 24138

Tuesday, 10/23/2007 8:15:42 PM

Tuesday, October 23, 2007 8:15:42 PM

Post# of 51429
Because, to let it run to $2 means covering short positions at these levels. Until they cover, there is no tax bill on profits to pay. If they never have to cover, then the proceeds from the short sale are tax free income. That's why they will play every card they can to prevent having to cover from selling between .60 and .90.

doc.feelgoode@yahoo.com

"It ain't what they call you, it's what you answer to." --WC Fields


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