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Technology Stocks : CAWS - Cai Wireless Systems - Cable Modem Killer
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To: P.M.Freedman who wrote (2169)10/31/1996 6:55:00 AM
From: Malcolm Boyd   of 2221
 
As a fairly newish immigrant to this country what exactly are the tax rules over trading losses? I have been advised that there is a 30 day waiting period to repurchase same stock but this doesn't apply if the sale and purchase is carried out 30 days prior to the year end.Could someone please confirm?? Also, is the maximum allowable loss $3000??

Any response would be gratefully appreciated.

Malcolm Boyd

PS. Expect a large increase shortly in the price of the stock as I'm considering writing some CAWS call options to reduce losses....
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