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Technology Stocks : Logic Devices
LOGC 4.480+1.1%Sep 21 5:00 PM EST
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To: Winner Victorious who wrote (67)4/15/1996 10:40:00 PM
From: GuinnessGuy   of 141
 
Hello Winner...I don't mean to throw cold water on an otherwise good idea but I'm fairly sure that you can't sell a stock and buy it right back again and still claim a capital loss. There is a rule, called the "Wash Rule" that says you have to wait 30 days before buying back the same or similiar instrument issued by the company. I am thinking about doing this with MU, but instead of buying it back, I would buy MUEI. This I think would work since they are not the same company and the stock prices of the two seem to be highly correlated.
Regards...Craig
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