VISX Message Board - Msg: 12632785

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : VISX

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: W Shakespeare who wrote (1528)	1/20/2000 10:05:00 PM
From: Robert G. Harrell	Read Replies (2) of 1754

Hi W. According to my notes, they didn't even concede that they had lost business to competitors. My notes say "no dramatic market share changes." For anyone thinking about taking the tax loss, don't hesitate. I got clobbered in Global Crossing when they got in the big dispute with Quest over who was going to buy US West and ? (I forget)and sat on it for a long time. Finally one day a light went on and I realized I was sitting on a nice tax loss which fortunately I could use. At the time there was no prospect of the stock going back up any time soon. I did the calculations and realized that even if it went up $9 before I could buy it back, I would be ahead taking the tax loss. By day 25 after I had sold for the tax loss, the stock had only drifted up 2 or 3 points and then someone announced on day 26 a big merger that put all the companies with cable in play and it started running up. Close but no cigar. I think I ended up paying about $20 more to buy it back after the wash sale period had passed. The sooner you sell after the disaster, the more likely you'll be able to buy back for about the same price after 31 days. A lesson from the school of hard knocks. Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next