iStar Financial Inc. Message Board
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for shorts that have made money,
if they cover after maintaining their position for greater than one year, are they taxed at a long-term capital gain rate or does the one-year rule only apply to "long" positions?
if they are afforded the long-term rate, will there be incentive to cover their short position in 2010 before the favorable bush cap gain tax rate expires at year end?-
i agree. perhaps it's my hubris thinking sfi will make me lots more $, but i find it hard to believe how stubborn the shorts are. 20M+ shares shorted is such a huge number for a risk-reward bet that sure seems to have a lot more risk (of a large increase in stock price) than reward (of $3.40/share max).
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lol... old enough to agree with you ;-)
i smell short squeeze...
jmo, but it does have a nice starting scenario on the charts. hope i'm right. -
understandable. not sure how old you are, but i certainly feel that as i get older, time just flies by far too fast.
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I was heavily short this sector but started covering in the latter half of 2008. In November 2008 I detected a revulsion bottom, covered the last few shorts, and went long. Experienced shorts have learned not to stay too long. I can't believe there are any long-term shorts remaining in this sector.
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www.shortsqueeze.com shows the short interest at 21.86% aol finance shows it at 25.3% updated on 12/31/09 up from 21.8% which was updated on 12/15/09
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shorts were cleared out less than a year ago.
- 2 Replies to shaman_nation
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forgive my ignorance, but i don't know what you mean.
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Short sales are always taxed at short term capital gains.
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