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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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04-23-2013, 02:18 PM
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#1 |
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Too lazy to set a custom title
Industry Role:
Join Date: Jul 2005
Posts: 10,057
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What happens if you short a stock and it crashes?
Say you short a stock and trading is suspended or the company completely closes down... what happens?? Anyone know?
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04-23-2013, 02:19 PM
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#2 |
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So Fucking Banned
Industry Role:
Join Date: Jan 2004
Location: Las Vegas
Posts: 6,268
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guess you're just "short out of luck"
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04-23-2013, 02:20 PM
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#3 |
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Let slip the dogs of war.
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Join Date: Jan 2003
Location: Bermuda
Posts: 17,263
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If only there was some website you could search for this kind of information on.
__________________
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04-23-2013, 02:33 PM
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#4 | |
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So Fucking Banned
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Join Date: Jan 2013
Location: lollling
Posts: 4,390
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Quote:
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04-23-2013, 03:08 PM
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#5 |
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Too lazy to set a custom title
Industry Role:
Join Date: Jul 2005
Posts: 10,057
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I always put my most pressing questions against the brilliant minds of gofuckyourself
It's like a wonderland of greater knowledge |
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04-23-2013, 03:43 PM
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#6 |
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Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,622
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Two diferent things. If they are suspended, you have to wait. If they close then you get the full value difference of the price versus zero. I have had both happen. It can be easier to cover when they get close so that it does not hang in limbo.
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04-23-2013, 04:46 PM
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#7 | |
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I Like Depth Of Field!
Industry Role:
Join Date: Jan 2003
Location: Las Vegas, NV, USA: 36.12318 N, 115.090219 W
Posts: 14,861
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Quote:
__________________
www.SexyGirlsCash.com CONTACT // FITZMULTI AT GMAIL.COM // {Please include a message so I know you are from GFY! I get too many spam "add requests"!} |
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04-23-2013, 07:34 PM
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#8 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Jul 2005
Posts: 10,057
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Quote:
From what I have been reading- you bit the tit right on the nipple with this post. It sounds like it becomes a big hell of a nightmare if the IRS fucks with you though. Say you buy ABC stock @ $1.00 .. 100k shares So then let's say it gets halted or suspended and the fiscal year ends You don't actually realize any loss at all for now and maybe for a long time Then the IRS says guess what stupid, you can't deduct your losses because you're hopelessly fucked since we're extremely powerful thieves who rape with impunity So there you are with a 100k loss and you can't deduct it |
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04-23-2013, 07:35 PM
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#9 |
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Too lazy to set a custom title
Industry Role:
Join Date: Jul 2005
Posts: 10,057
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I think it is kind of like when someone feeds a casino slots several grand, wins a piece of it back and then is made to pay taxes on the "winnings" that are actually a loss. Kind of like when the IRS says you had "income" on settled debts that were quadrupled and then "settled" for pretty much what they originally were or less.
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04-23-2013, 08:30 PM
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#10 | |
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Confirmed User
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Join Date: Dec 2002
Posts: 20,887
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Quote:
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04-23-2013, 08:44 PM
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#11 |
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Confirmed User
Industry Role:
Join Date: Dec 2010
Posts: 1,406
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Loss
If you get nothing you can always take a tax write-off. However I doubt you have any income to write against.
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04-23-2013, 08:51 PM
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#12 |
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So Fucking Banned
Industry Role:
Join Date: Jun 2011
Location: the land of woke sleuths
Posts: 16,493
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nevermind (edit post)... I guess you may have to wait to collect your money. But you should be able to collect no problem.
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04-24-2013, 12:14 AM
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#13 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Jul 2005
Posts: 10,057
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Quote:
Sure, if you can prove your losses. You sure as the fuck can bet they'll be there with their hands out taking your winnings. Maybe even before you can have the money. |
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04-24-2013, 12:48 AM
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#14 | |
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Confirmed User
Industry Role:
Join Date: Dec 2002
Posts: 20,887
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Quote:
Until I go spend it, then I'll feel better. |
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