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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: Ben Antanaitis who wrote (33544)10/27/1997 1:41:00 PM
From: Spank  Read Replies (1) | Respond to of 58324
 
*** OT re: taxes and the Wash Sale

Someone on another thread tells me that the wash sale
rule only applies during the 30 days before and after
the new year.

I was under the impression that it applies ANY time during
the year, but if you wanted to get around the wash sale
by buying, then selling 30days later, then of course, it had
to be done with 30 days left to go in the year.

Can anyone tell me better?

-Spank

(I bought some more IOM at 26.5, why
didn't I wait a few minutes more?)



To: Ben Antanaitis who wrote (33544)10/27/1997 1:52:00 PM
From: D.J.Smyth  Read Replies (1) | Respond to of 58324
 
dow will not need to fully recover in my estimation in order for IOM to recover. dow can trend sidewides and tech stocks which are extremely oversold could still recover. IOM's rsi is 14, the same reading it had at $22 on the sell-off prior to earnings.