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To: BWAC who wrote (39575)5/14/2002 2:06:43 PM
From: Larry S.  Respond to of 53068
 
there is no indication that the wash sales were illegal. there is a concern that the whole group of IPP will have to re-negotiate the California forward contracts, but they were ludicrous to begin with. why buy trouble? well, sometimes the stocks represent more than the risk in them, though, it be true, these stocks have not bottomed yet. larry