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Technology Stocks : Compaq
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To: Greg Jung who wrote (22348)3/17/1998 10:34:00 PM
From: JGibbs  Read Replies (4) of 97611
 
Ok, I have a question for anyone!

Can I sell my CPQ (cost basis 34.33) and take the loss on next year's taxes. And take the proceeds from a sell at 23 1/2 and buy CPQ again (at let's say 20 to 23.5) and then hold 18 months to get capital gains tax break if the it goes up in 18 months. (It will go up in 18 months....won't it?)

Or am I better just holding. Why shouldn't I take the loss for taxes next year and re-buy at a much lower cost per share now?
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