selling in less than a year is not a short sale -
Post# of 96879
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Posted On: 08/08/2018 10:45:13 AM
Re: intelligentPMC #91370
selling in less than a year is not a short sale - it is a sale classified as ordinary income for tax purposes.
Selling a stock you do not own that you obtained cover for is a standard short sale that any of us can do.
Selling a stock that you do not own for which you do not obtain cover for is a naked short sale.
If you obtain cover, your short sale is recognized as a valid transaction that is a valid message for the market to pay attention to because it can be seen that your opinion is negative for a particular stock and the you are willing to put your money at risk to support your opinion. None of us has a beef with this.
the Naked Short does not make any effort to locate cover and in many cases (especially by us), is viewed as predatory and is often tied to actions designed to make the rest of the market believe in our perspective. this is what Allan rants about.
Paul
Selling a stock you do not own that you obtained cover for is a standard short sale that any of us can do.
Selling a stock that you do not own for which you do not obtain cover for is a naked short sale.
If you obtain cover, your short sale is recognized as a valid transaction that is a valid message for the market to pay attention to because it can be seen that your opinion is negative for a particular stock and the you are willing to put your money at risk to support your opinion. None of us has a beef with this.
the Naked Short does not make any effort to locate cover and in many cases (especially by us), is viewed as predatory and is often tied to actions designed to make the rest of the market believe in our perspective. this is what Allan rants about.
Paul
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