ABSTRACT
In the case of short sales, the short seller must pay the dividends. Although, this is simply one factor to be lumped with the capital gain or loss in determining the net result of the transaction. It is all right to consider gains or losses either on the basis of "realized" or completed transactions or on the basis of the market values "accrued" at a particular time? Yet, it is not being honest with people to use one method to conceal people mistakes and the other method to accentuate their successes. The chapter addresses the question of tactics for the "speculator" who follows short and medium-term trends. There is no inherent conflict in holding long-term positions and also attempting to profit from intermediate trends, depending on the amount of capital in hand and how much time, energy, and capital the investor wants to put into trading.
