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Technology Stocks : Healtheon Corporation (HLTH)
HLTH 0.1200.0%Sep 10 5:00 PM EST

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To: Ken Zeller who wrote (512)3/20/2000 11:05:00 PM
From: Paul Senior  Read Replies (1) of 861
 
Ken Z. If someone or some group spends 900M to make an investment, I assume they consider that they are making an investment in a business and its future prospects. As regards HLTH, there's no negative news, no change in business strategy, and no change in management that I'm aware of. The only thing that's changed is the price of the stock. If Janus sold because they expect rapid decline presages even further rapid decline, then essentially they let what could/might/may be a short term drop determine their sell decision and therewith, an assured loss.

Wash sale rule applies to losses only. Buying/selling/buying/etc. the same stock when there are only gains (lucky you -g-) means you can come back into a position anytime you want without triggering concerns about the 30-day wait.

Paul Senior
adding to my small position today @ 29+
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