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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Dale J. who wrote (42721)	12/18/1997 9:23:00 PM
From: Sowbug	Read Replies (3) \| Respond to of 186894

It's rarely a good sign for a stock when a good third of postings on its SI thread deal with wash loss rules..... Anyway, what if I had bought 100 shares of INTC @ $100 in the summer, then instead of selling them now to try to get the short-term loss, I bought an ADDITIONAL 100 shares @ $70, and then a day later sold my original $100 shares for the $30/share loss? See? I'm not buying back after the sale; rather, I'm buying BEFORE the sale. The result is the same as a wash sale, but the ordering is different. Would the loss be allowed then?