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Technology Stocks : INTC
INTC 35.53-1.1%Nov 14 9:30 AM EST
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To: Dave Budde who wrote (577)7/18/1997 7:02:00 PM
From: Frodo Baxter   of 990
 
>Rule 2 says that the holding period for the substantially identical stock restarts the date of the short sale. This just moves the original purchase date out to the date of the short sale and only does this if it was held less than 1 year.

Nonono. The holding period restarts to the CLOSING of the short sale. Look at example 2 again.
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