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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Don Lloyd who wrote (84969)3/23/2001 8:49:54 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<wash sales do not prevent you from realizing the tax advantages of losses, but may defer them>>

Yes, that's true, but in the interest of avoiding chaos at the end of the year (ie, having to reopen and then close positions solely for the use of realizing a wash sale loss in the current tax year), I'm trying to be diligent by allowing 30 day periods after closing positions. There's so many companies in that sector, that it's not difficult to find any number of targets for shorting (and in the case of POS, it usually "preserves capital")<G>.
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