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Technology Stocks : Network Appliance
NTAP 117.26+1.1%Dec 5 9:30 AM EST
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To: BirdDog who wrote (7490)4/4/2001 3:26:37 PM
From: BDR  Read Replies (2) of 10934
 
<<I hope that this move can survive an IRS audit on the meaning of the term same or similar stock in the wash rule laws.>>

See your CPA or tax attorney for the real answer but everything I have read on the Wash Sale Rule would indicate buying stock in a different, unrelated company in the same sector will not cause one to run afoul of the rule. Now, if you sold the stock and bought warrants or some other convertible security for the same company, you would have problem.
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