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To: Dr. David Gleitman who wrote (9424)	3/28/2000 1:35:00 AM
From: paul_fennell	Read Replies (1) \| Respond to of 35685

Doc, LIFO = Last in, first out FIFO = First in, first out Businesses have to lock in to one or the other method for costing purposes. I think the reference here is really using oldest stock purchase first or selecting specific lots when you sell Paul

To: Dr. David Gleitman who wrote (9424)	3/28/2000 6:56:00 AM
From: Percival 917	Read Replies (1) \| Respond to of 35685

Morning Doc, LIFO is Last in First Out and FIFO is First in First Out. The post I saw referenced that if you use the method you described (which is buying shares about to be called away and taking a bit of a loss...original cost 150/share, sold 220 CC and now stock is 240/share) uses the LIFO method. The poster expressed that you need to be consistent. If you mix LIFO and FIFO the IRS might have a problem. I don't see how this is an IRS issue but it might be. Hope this came out reasonably clear. Later, Joel