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Non-Tech : E*Trade (NYSE:ET)

ET 16.44

+1.0%

Nov 26 3:59 PM EST

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To: Francis Muir who wrote (10090)	12/23/1999 7:10:00 AM
From: Nandu	Read Replies (1) of 13953

I am thinking of doing the opposite. Since I have some TBFC, I bought at 32 as a proxy for EGRP which at that time was at 35, I think I will sell the TBFC down here at 27, take the tax loss benefit and replace it with EGRP. The tax loss will give me the arbitrage benefit without the arbitrage risk. What do you think?

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