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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Rupert who wrote (1993)9/20/1999 1:05:00 AM
From: brk  Read Replies (1) | Respond to of 15615
 
Rup - she probably sold for the tax loss, then took the $$ and bought FRO. (buying 100 shares of FRO at $39 is like getting 200 shares of GBLX at $19.5 when merger is final), so she essentially retains the same long position in GBLX, but gets a big tax loss to write off. To my knowledge, this isn't a wash sale since the companies are currently two separate entities.


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