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Biotech / Medical : Ligand (LGND) Breakout!
LGND 203.18-1.4%Nov 28 9:30 AM EST
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To: Proton who wrote (11741)11/26/1997 11:10:00 AM
From: Russian Bear  Read Replies (2) of 32384
 
Peter, or anyone who may know,

I have a question:

I am considering moving a position in one of my accounts from LGNDW to LGND. I want to do this so as to offset a rather large realized gain in 1997, with an equally large loss. :-(

My question is, Does LGND count as a "substantially" different security than LGNDW, with respect to the 30-day wash rule? I do not wish to reduce my exposure to Ligand, merely to make a tax-related switch. I know that different option series (different strikes, expiration months, etc.,) definitely count as being "substantially" different from one-another. I am pretty sure that warrants and stock also meet the criterion, but would be reassured by a concurring second opinion.

Any help will be much appreciated.

Thanks,
RB
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