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Non-Tech : Paired Trades and Hedging Strategies -- Ignore unavailable to you. Want to Upgrade?


To: Biomaven who wrote (65)1/13/2005 12:06:23 PM
From: Sam Citron  Read Replies (2) | Respond to of 136
 
Quick wash sale question:

Suppose you buy 500 shares of stock at 10, and the next day an additional 100 shares at 12. On the second day you sell all 600 at 11. On the third day you would like to buy the stock again.

Should you not do so because of the wash sale rule?
What is the effect of the wash sale rule in this situation?

TIA,
Sam