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To: funk who wrote (1871)12/14/1997 5:09:00 PM
From: LPasko  Read Replies (1) | Respond to of 12617
 
To all: Sorry for a novice question but: how do day traders avoid the 31 day rule banning the write off of losses if the same stock is bought back within 31 days?



To: funk who wrote (1871)12/14/1997 5:51:00 PM
From: Richard Estes  Respond to of 12617
 
That was unemotional. I would have spent pages on it, otherwise.



To: funk who wrote (1871)12/15/1997 6:47:00 AM
From: steve goldman  Respond to of 12617
 
I found this comment the most revealing about what we have discussed on this thread. I am also curious how this individual feels comfortable making a comment like this, so adverse tothe best interests of his firm?.....This is that person from the URL link speaking.....
""
<<I've printed out that post and will be taking it to work tomorrow, where the traders on the desk will get a huge laugh out of it. Ben, if you think you are a client of mine or any other MM, or that we are in business together, or that I will not use every technique possible to out-trade you and take your money in any way I can so I can put braces on my kid's teeth and send them to private school, you should put all your money in an index fund and watch the game from the sidelines. The only "clients" I have are $20 billion mutual funds and hedge funds open only to the extremely rich. This is an extremely important point to understand if you are serious about playing this game. "">>