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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (5278)	11/10/2000 8:03:58 PM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 5650

<"....while they can only take 3K this year,,they can extract a lot of profits from their older holdings next year and use all the losses of this year against what they want to take out of the market next year."> I'm confused, I understand that the $3k limit is for losses against no profits but if someone takes all their losses this year and has the profits cashed in to offset all those losses then what's the point of carrying all the paper losses over until next year when the profits might not still exist. Paper profits can quickly turn into paper losses. You do raise an interesting point though, lets say someone has $15,000 actual loss this year and has no profits to offset that $15k loss, they take $3 loss this year and are you suggesting that that person now has $12k loss next year to work some possible 2001yr profits against ? I'n curious how you got $1.15 for PSIX shares, it hasn't gone that intra low over the past 3 days, has it ?