InvestorsHub Logo
icon url

Yoyippie

08/26/19 8:16 PM

#211182 RE: Bio_pete #211180

Sounds interesting.....tell me more I wanna know more!
icon url

zmanindc

08/26/19 9:24 PM

#211191 RE: Bio_pete #211180

Exactly, only 12% of the float is short and considering we had 2 rounds of dilution I am surprised it’s not higher.
icon url

MateoPaisa

08/26/19 10:26 PM

#211201 RE: Bio_pete #211180

Doesn’t the fact that it’s only August figure into shorting for tax purposes?

Per Investopedia, A "short sell against the box" is also known as "shorting against the box." Sellers use this technique when they do not actually want to close out their position on a stock. The strategy is generally used by investors who believe the stock is due for a fall in price, but do not wish to sell because they believe the fall is temporary and the stock will rebound quickly.

Nevertheless it’s a short position in anticipation of a loss, not to neutralize gains for tax purposes, according to this definition.

Just bringing this up objectively because I don’t know anything about it. I just looked it up and want to understand