Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.6%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: williet who wrote (42600)	12/17/1997 7:44:00 PM
From: Barry A. Watzman	Read Replies (2) of 186894

Let me correct a common misunderstanding: You can sell a stock at any time, and you can buy the same stock, or buy it BACK, at any time. There are no laws restricting your buying and selling, regardless of what you have done at any time previously. What the laws won't let you do is take a TAX LOSS on a stock that you sold at a loss and then bought back within 30 or 31 days. If you sell a stock and then buy it back too soon (not sure if its 30 or 31 days), then you must defer the loss and use it to adjust your cost basis when you subsequently sell the stock (that you repurchased). But the re-purchase itself is not prohibited.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next