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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp
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To: bob jaremsek who wrote (629)8/22/1997 10:38:00 PM
From: Eric J. Beyer   of 1028
 
To All: Would love to hear some bullish things in the works for old KNIC to pep up my enthusiasm.

Also, excuse my ignorance on the subject, but tax laws change from time to time. Since I bought KNIC in 3 lots at different prices. Can I sell one of the lots that I bought at a lower price, without incurring a tax penalty (Federal) or is it now "First in- First out" when selling the same company stock? Example: if I bought 300 shares of KNIC at $12.00,
and then 300 shares 6 months later at $6.00, could I sell the lot that was purchased for $6.00, for a profit, and not selling the 300 at $12.00 for tax purposes? Any advice/help would be appreciated in this matter.

Your Bullish Bud, Eric
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