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To: Lafayette who wrote (24419)9/25/1999 11:03:00 PM
From: Brian Malloy  Read Replies (1) | Respond to of 27012
 
There is no holding period for losses. If you buy stock x on Monday morning and it declines say 20% at noon based on some problem you could sell it at 1 PM and take a write off, up to $3,000. Long term cap gains kick in at one year.