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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (32282)9/3/1998 11:56:00 PM
From: Trader J  Read Replies (1) of 97611
 
El,

I have gained a lot of respect for Charles Payne (sp?) and I must say, Battapaglia (sp?) deserves a certain amount of respect....they both call em as the see em.

I can't wait to get back into CPQ, waiting for the wash sale period to expire.

BTW, can anyone tell me with the Feds. consider a similar number of shares is considered when buying back an issue within the 30 day period of taking a loss? If I sell 1000 shares, do they consider 2000 similar or like number of shares.

I try not to make a habit of losing money, and have never worried about the wash sale rules before....always figured I would make more with a repurchase and didn't worry about no claiming the loss.

Any info appreciated.

GLTA

Jeff
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