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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: MadMax who wrote (26106)	11/28/1997 10:16:00 AM
From: MadMax	Respond to of 33268

RACER's with the extended 1/4 point gap between the bid and ask, you can likely buy or sell at a much better price, by putting in a limit order just under or over the existing MM pricing. - As an example if RACE is 4 7/8 Ask, put in a sell @ limit of 4 13/16!!! - As an example if RACE is bid 4 5/8, put in a buy @ limit 4 11/16!!! - With the low volumes, etc. you should get your orders filled on the next trades. Of course, if things are moving, you have the option of putting in limits at the bid ore ask, or market orders. With market orders, always ask for the sides, to be assured that there is supply equal to your market order!!!

To: MadMax who wrote (26106)	11/28/1997 1:35:00 PM
From: mike.com	Read Replies (2) \| Respond to of 33268

Here's a strategy but I am not sure if it falls within the IRS rules though it seems logical to me. Say you are sitting on 10,000 shares you payed $10 for earlier in the year. With the stock around $5 you effectively have a loss of $50,000. Now to claim the loss can't you purchase 10,000 more shares and sell the other 10,000 the next day? I know the IRS recognizes a first in first out rule so this would seem to be a logical way to take the loss without losing your position in the stock for 30 days. Is this legal? I'm certainly no tax expert.