tag LIST "Specials\\" Read
rather than
tag LIST Specials Read
Consider the following command:
tag LIST "Specials\\Fred" Read
A server may assemble this as either "Specials\\Fred\\Read" or as "Specials\Read".
In general, yes, a reference name is not a mailbox itself, but rather a directory which contains mailboxes.
As an aside, I disapprove of the practices of mailboxes under INBOX and Trash mailboxes. IMAP does not prohibit either of these practices, but these practices are associated with substantial client and user confusion.
-- Mark --
http://staff.washington.edu/mrc Science does not emerge from voting, party politics, or public debate. Si vis pacem, para bellum.