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To: shamsaee who wrote (76765)7/16/2000 7:06:22 PM
From: gdichaz  Read Replies (1) | Respond to of 152472
 
shamsaee: Since you are at an unspecified place "overseas" in the "Middle East", this may not apply, but for a US citizen who is paying ordinary income taxes, when a huge mistake is made in timing, such as buying a fine stock at the wrong time, i.e. high, there is a simple out.

Buy the replacement stock now, wait 31 days or more and sell the earlier stock for a loss, while keeping the "new".

A suggestion only. Check your CPA, etc. etc. etc. etc. etc.

Best.

Chaz

PS And you might wish to look at Jan 2003 LEAPS calls using DD and your own judgement and decision of course.



To: shamsaee who wrote (76765)7/17/2000 12:41:26 AM
From: Jacob Snyder  Read Replies (1) | Respond to of 152472
 
re: I bought last year at 160 and this year at 156,120,100,80,61 and still holding all

So, it sounds like you are accumulating a longterm position, by dollar-cost averaging. This is an excellent strategy, and works very well, if you have the cash, courage and stamina to buy as low as it goes, and then hold.


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