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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (33811)	1/16/2000 11:58:00 AM
From: Gregory Rasp	Read Replies (1) \| Respond to of 70976

OT I think that the option is treated the same as the stock but I am basing that only on the following. When my TYC stock hit the skids recently I was going to sell and take the tax loss but still felt the company had great long term prospects. I was going to buy calls so that if the stock popped back up before my 30 day wash thru period expired I would be in good shape. My accountant said that is not allowed as the options are treated like the stock (at least for the purposes of this example). I ended up holding my TYC. The situation may not be analogous though and I recommend everyone have an accountant go over their moves. Taxes can destroy a return just by making a simple mistake. GR