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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (10271)	10/13/1999 8:10:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Steve, The tech carnage continues. Many of the semi's are falling below support, with TXCC, GALT and now PMCS joining the technical breakdown. Tomorrow's key support will be in DOW. Its recent old low is about 10200 and if it does not hold that and Friday's PPI numbers are bad, we are set to drop the other shoe for 500 - 700 pts quickly. Protective puts here makes sense except Oct option is about to run out and Nov has expensive premium. I'm getting ready to roll over three written puts tomorrow and Friday. If I roll over to the front month (nov) option of equal strike price, do I deduct my cost basis with Oct's loss? What if I sell different Nov strike price put? Hope you are familiar with how to work this tax reporting thing. My idea is to be able to include the option tax loss this year and not violating the wash rule (year end is coming up). However, my other option is to roll over to different company in the same group, e.g. TER for NVLS or AMAT, CNXT for PMCS or AMCC. But I like CNXT the best and don't want to give it up.