Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: The Vinman who wrote (30781)	4/1/1998 11:56:00 PM
From: Kenith Lee	Read Replies (1) of 1572159

Covered 29 1/2 short at 28 3/4.....nice profit...AMD still a great short candidate...oversold RSI indicator... Vinman, According to IRS tax rules, trades must be reported in a first-in-first-out... This means you lost $5 15/16 (original shorted at $22 13/16 and covered at $28 3/4) plus commissions. Furthermore, your $29 1/2 shorts from yesterday is now 7/16 underwater (closed at $29 15/16 today). I don't know what are your logics. I never like average down. Why throw good money after bad? By the way, I forgot to thank you. I bought more cheap shares at $22 1/2 and 22 13/16 last week. I don't know if some of the shares from the second block came from you. Is so, thanks a million. <ggg>

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