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To: surelock who wrote (1323)	6/12/1999 4:31:00 PM
From: Mama Bear	Respond to of 10293

If I buy 1000 shares at 5 all at the same time, how can any be FIFO? If so, it would be a great trick to turn short term gains into long term. I have no idea if Canada distinguishes the two. In the US, we have to pay a much larger percentage on any shares held less that a year. Barb

To: surelock who wrote (1323)	6/12/1999 5:56:00 PM
From: Dale Baker	Respond to of 10293

You couldn't have it both ways, no gain then zero cost basis. The profit has to show up somewhere. In the US, you will be taxed on the cost basis for the shares you are selling. This whole game is more like overwithholding on your taxes so you are sure to get a refund at the end of the year. Maybe not optimal for profits but designed to overcome the natural human desire to make stupid financial decisions most of the time - like buying and selling good companies too often.