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

To: James F. Hopkins who wrote (5280)	11/11/2000 9:32:03 AM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 5650

I looked at the Jan02 and Jan03 calls and your right. That is a curious move to pay say $7/8 for a Jan03 PSIX call at $5 when the stock now is a tad under $2. Does make an interesting situation and it's curious indeed. Is it possible what you meant was that a person could sell just enough PSIX stock to yield a $3k loss this year and another $3k PSIX stock loss for the next year2001 and so forth until the whole PSIX stock is sold ? Why do that if I can sell the whole PSIX loss this year against my already cashed in profits for 2000 ? Let's say as an example only that I am up $30k this year in already cashed in profits that I already paid the Feds estimated taxes on. If I sell my PSIX stock this year I lose say $30k just as an example. That leaves me with a example net stock loss of ZERO and a profit in stock transactions for year 2000 at ZERO and so I get back all my estimated taxes that I sent the IRS over the course of this year, right ? Of course I can't write off the %interest investment cost as I'd have no profits but heck, why torture myself looking at PSIX quotes for another year ? BTW, all my stock transactions are short term.