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Harley Meyer wrote:
>
> If you are short and it goes against in the short run you can't go long
> in the same account.
> Harley
What??!?!? If you are short 50 shares and it goes up and you don't want
to be short 50 anymore, you buy the 50 back. If you want to be long 50
instead of short 50, you buy 100.
Are you better off holding 50 long at 54 and 50 short at 53 than taking
the $50 loss in one account and having no position?
I doubt this is a tax wash scam since the amounts aren't so small.
Otherwise I can't think if any benefit of doing this.
Eric
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