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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (3744)	12/29/1999 9:16:00 AM
From: Patrick Slevin	Respond to of 9427

Yes, I see that. What is interesting there, is the statement about "the taxpayer has acquired, or has entered into a contract or option to acquire," So, if you were to unload DELL, for example, you may be able to buy Call Options on CPQ but not DELL. That's the way I read that. I knew they changed the Rule a few years ago, perhaps this was the addition at the time....or part of it at least. I wonder if, taken a step further; you were Long SPYders and you unloaded them....then hedged by buying a March SnP Contract for the period of the Wash. Would that be construed as a violation? It seems you can run afoul in a minefield if not particularly careful. That's of particular interest to me, as I am Long SPY and have been for some time. Yet I trade in and out of SnP contracts daily. If I were to Sell my SPY I wonder if trading the Mar Contract makes me liable in some fashion. I suppose it's not really an issue, as in my case I'm not trying to use the wash rules in any fashion. It's just a thought that popped up.