- Mar 21, 2004
- 13,576
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If I understand correctly it should be possible for me to borrow AMD stock, sell it... and then when I want to close the whole shebang rebuy the stock and return it with some extra stocks tacked in...
I normally avoided the stock market since its gambling... but this is a bet I feel comfortable making...
EDIT: I realize that sounds like I am trying to flame or something. I am dead serious...
1. whats the technical name for borrowing stock and than selling it, to later buy stock at the current market price and return the stock...
2. What is a good site to do it at...
3. And what is the tax on it?
I am gonna put my money where my mouth is at. (unless it ends up being prohibitive to do so of course... if the taxes are high and the process is complicated...)
I normally avoided the stock market since its gambling... but this is a bet I feel comfortable making...
EDIT: I realize that sounds like I am trying to flame or something. I am dead serious...
1. whats the technical name for borrowing stock and than selling it, to later buy stock at the current market price and return the stock...
2. What is a good site to do it at...
3. And what is the tax on it?
I am gonna put my money where my mouth is at. (unless it ends up being prohibitive to do so of course... if the taxes are high and the process is complicated...)