From the U.S.A. IRS ; Form 1040 ; ...
"2008 Instructions for Schedule D" ; Pages D-6 + D-7 :
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" Column (c)—Date Sold
Enter in this column the date you sold the asset.
Use the TRADE DATE for stocks and bonds traded on an exchange
or over-the-counter market. For stock or other property sold
short, enter the date you sold the stock or property you
borrowed to open the short sale transaction. "
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Notice that is VERY DEFINITELY + SPECIFICALLY REQUIRES THAT
THE "TRADE DATE" MUST BE USED , ACCORDING TO THE U.S.A. IRS.
Obviously , the Canadian 'article' [from Victoria, B.C.]
that you used for 'proof' will be IGNORED BY THE U.S.A. IRS ;
as will any 'proof' from any 'chat room' ; or anywhere else.
The 'confusion' in the Canadian article arises from the Fact
that the article is talking about the CANADIAN TAX LAW , FOR
CANADIAN TAXPAYERS/INVESTORS ONLY, IF THEY ARE SELLING ANY
"U.S.-listed equities" . That Fact becomes obvious , when
one reads the last part of the Canadian article , which is :
" but many brokers will be closed for Boxing Day. "
[To U.S. taxpayers, "Boxing Day" is Definitely Not a Stock
Market Holiday , and All U.S. Stores are open ; and waiting
for the rush to Return and/or Exchange Duplicate and/or
Unwanted Christmas Gifts. Perhaps, in the U.S. , 'boxing day'
is the day that U.S. residents re-box their extra presents ,
and return them , for cash or credit. Kinda like a day-trader
shorter , when he covers , and collects his profits , for
cash , or margin credit.]
extra , Most Sincerely .
P.S. ; So ; to clarify , U.S. TAXPAYERS CAN STILL CLAIM THEIR
TAX LOSSES IN wnbd , FOR 2008 , IF THEY SELL ON OR BEFORE
31 DECEMBER 2008. Which leaves 3 MORE TRADING DAYS TO SELL.
We expect more pumping on Friday ; But most of the Tax-Loss
sellers will wait until Monday/Tuesday , to get a little
more benefit from Today's 'news' , which still does Not say
that wnbd won any U.S. Corporate 'NA' [i.e. , HD or WM or
Lowes or Sears or Target] , but it hints at maybe/eventually
'announcing' a U.S. "National BANNER" chain ; which obviously
[to some of us] means a U.S. FRANCHISE , just like True-Value.
Otherwise; Why Include The Word "BANNER" ?
[Except to re-new the current confusion of the wnbd fans , to
get them to keep averaging-down , and keep believing that
wnbd must have won HD and/or WM , but they still can't tell.]
And, it worked. Again. Pure genius. eh.
By the way. [For the ~last time.]
Pinky + Penny Stock Shorters [almost] NEVER REMAINING SHORT
OVER-NIGHT. They Cover , BEFORE the market Closes , on the
SAME EXACT day that they short , unless their target quits
trading. So, when a pinky pumps , they Don't lose a penny.
But, they get ready to resume their day-trader shorting ,
when the pump stalls , and the price starts retracing.
[Which happens ~monthly , with wnbd.]
So, pinky shorters love predictably pumping pinkys. They are
much more quickly + risklessly profitable than most other
pinkys , that just ~smoothly drift down ~90% per year.
Long-term Shorters can only profit from slow-sinking pinkys
by remaining riskfully short, for months at a time , just to
collect 50-90% profits per year. We DAY-TRADER Shorters ONLY
deal with Bouncy pinkys , where 20-60% profit can be earned ,
risklessly , in LESS THAN 1 DAY , with NEVER Any Overnight
Risk. Sometimes, after a big pump peaks , we will short+cover
Several Days , Sequentially , if the retracement still has
enough more room to sink. So, the DAY-Trader Shorter is Only
short [part of] ~12 days per year , making ~20+% per day of
'exposure'. And, Mathematically, 20% profit, compounded
12 times per year, is an Annual Profit of almost 800% ,
minus commissions. The only bad part is , that it is never
long-term capital gains ; so we always pay the highest taxes.
Thus, we always hire Tax Experts, who Know the U.S. IRS Rules,
and Don't read + believe Canadian reporters + chatters.
Anyway. Happy Holidays, again. And, GLTA. Especially for
the last 3 Tax-Loss Trading Days of 2008 [in the U.S.A.].
We'll see y'all shortly , eh. Probably Monday, 30 Dec 2008.
AI
