FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.732

-10.6%

3:55 PM EST

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To: SG who wrote (38178)	9/30/1998 5:23:00 PM
From: jim bowman	Read Replies (1) of 41046

Scott, I think you may be incorrect on this so I'll add my $0.02. My understanding of the wash rule is that if you buy or sell a particular stock or one that is very similar you can't sell or buy (the inverse of the initial trade) that same or similar stock until day 31 following the initial trade. Making the second trade within the 30 day window would preclude you from claiming the loss. I would like to hear other comments about this if I am wrong.

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