For the Short Only Strategy, I’ve had to do some stuff:
Yes, if I had done this, I would have to pay income tax on the profit. I can’t see why that should stop anyone from making a profit.
At this point the SoS deal is up 75.9L. With less than 20% of the cash deployed, the profits are about 1.5% on the whole portfolio, in about two weeks. Too early to say it’s good – let’s see after six months or so. But I’ll keep this blog updated.
Disclosure: No current positions. As usual, this is education only, please don’t trade this, blah blah blah. You should NEVER consider this to be advice; it’s just my own fundas, just for myself.