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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Adam S who wrote (6871)	4/24/2000 9:06:00 AM
From: Jill	Respond to of 8096

The TV Guide Deal with GMST is still at least a few months away, and if you read G&K thread there are other worries. I'd be surprised if GMST rises 20 points in the next 30 days.

To: Adam S who wrote (6871)	4/24/2000 9:10:00 AM
From: Poet	Read Replies (1) \| Respond to of 8096

Hi Adam, I believe that if you sell your GMST common at a loss and buy GMST calls within the 30-day wash sale period, and make a profit on the calls (lots of "if's", I know) you trigger the wash sale rule. Someone correct me if I'm wrong, but I believe we've discussed this here a few times (ie. the replacement of common with short term calls being essentially the same thing in the IRS's eyes).

To: Adam S who wrote (6871)	4/24/2000 10:00:00 AM
From: edamo	Read Replies (1) \| Respond to of 8096

adam s "upset with myself if gmst rose" typical psychology you present, in the sense that you fear more the potential "loss of upside opportunity" then the real downside loss of capital. preservation of capital of utmost importance, if you have never traded options now is not the time to start. offset your gains with your gmst loss, but never make tax consequences the determining factor in your investment decision... if you are not on margin and believe gmst will rise again, then be confident in why you bought it in the first place, if you are not sure then sell it and wait until you see a clear trend reversal in the market.