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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Steve Grabczyk who wrote (12013)7/9/2000 7:43:15 AM
From: Bernie Goldberg  Read Replies (1) of 18929
 
Hello Steve,
Just got a wild and crazy idea for your PALM situation.
You have 321 shares of Palm most of which you bought on the day of its IPO. that would mean that you paid more than $38 per share for them. The shares you will be receiving from COMS on the 27th will be on a tax free basis. You could sell the 321 shares of PALM that you now own which would give you a substantial loss for the year that you could use against any gains you might have this year. Also when you get your 477 shares you would have increased your PALM holdings by 48%.
I'm no accountant but you might want to run this scheme past your CPA to see if this is a valid idea.
Bernie
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