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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: uu who wrote (456)9/19/1997 4:30:00 AM
From: DD™   of 1936
 
"I believe you have to wait 31 days before you can buy your shares back if you are buying them back at a lower price, otherwise it is considered to be shorting (by IRS anyway). "

Yo are just a bit confused on your points. One can buy/sell stocks at anytime.

However, you cannot sell a stock for the purposes of relalizing a loss, and then turn around and buy the same stock back in 30 days. If you do, the original purchase price remains the basis and you cannot realize the loss in the current tax year.

DD
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