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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: cellhigh who wrote (31480)12/28/1998 9:01:00 PM
From: The_Guru_00  Read Replies (1) of 164684
 
Wash Sale - If you buy back a stock within 30 days after you sold it, or vice versa, the transaction is not considered a sale. Therefore, you cannot take the loss. For instance, if you bought a loser stock mid year and it is down now, you can sell it hoping to take the loss against some gains. That is fine as long as you don't repurchase the same stock within 30 days.

Guru.
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