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Technology Stocks : CMGI What is the latest news on this stock?
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To: RuIrish57 who wrote (17270)3/15/2000 6:38:00 PM
From: JavaGuy  Read Replies (1) of 19700
 
? If an investor sell's a stock for a profit does he have to wait 30 days before he can buy the same stock back.

You buy and sell as often as you wish, as long as you can pay for it (no free-riding). I think you are thinking of the wash sale rule that only applies to capital losses. IF you sell a stock at a loss and buy it back w/in 30 days you can't take the cap loss, you just change the basis of the new shares.

Hope that helps.

-JG
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