Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 233.63

+2.8%

Nov 6 3:59 PM EST

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To: Harry Sharp who wrote (33813)	1/16/2000 2:30:00 PM
From: Robert O	Read Replies (2) of 70976

Uh, looks like people are mixing apples and oranges... that just gets fruit salad. One camp is really just referring to whether one can use options as a way to sell stock, take a loss, ..but not wanting to be out of a position, buy options that effectively 'mimic' your initial underlying position in the shares. IRS sez you can't have your loss and then buy options in the underlying stock (w/ in the 30-day wash rules) because then you're kinda getting around the sprit of the rules. Other camp, like u Mr. Sharp speak to the issue of actually exercising an option thus creating a position in the underlying shares at that point. Your take, of course, is right on target. In any event everyone should look to the IRS website to get it from the horses as*, er I mean mouth. Then after all of your research please go out and hire an accountant/ tax advisor in order to keep this red-hot economy moving... all part of the grand scheme. RO

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