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Technology Stocks : Cascade Communications (CSCC)
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To: bob zagorin who wrote (3553)4/16/1997 8:59:00 AM
From: Scott   of 3743
 
TAX QUESTION- IF YOU HAVE A HIGHER COST BASIS ON CSCC COULD YOU SELL IT BUY ASND TAKE THE LOSS WITHOUT A WASH SALE RULE. ALSO DOSN'T IT MAKE SENSE TO HOLD ASND ANYWAY..AT LEAST IN THE SHORT RUN...IF FOR SOME REASON THE DEAL DOSN'T GO THROUGH ASND SCHOULD TRADE UP GIVEN THE INTIAL REACTION TO THE MERGER AND CSCC WOULD TRADE DOWN....I HAVE A VERY LARGE POSITION IN CSCC AND MY COST BASIS IS ABOUT 7 POINTS HIGHER. IT SEEMS TO ME I SCHOULD SELL IT TAKE THE LOSS AND BUY ASND..I WOULD STILL HAVE THE SAME RELATIVE INVESTMENT..WITH A LOSS TO OFFSET THE GAIN I ASSUME I'LL HAVE IN THE FUTURE...AM I MISSING ANYTHING..

THANKS, SCOTT
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