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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: MichaelJ who wrote (18126)	12/29/1997 11:02:00 AM
From: Purebull	Respond to of 36349

Michael,30 days is 30 days, it doesn't matter if goes into the next year. I'm not a tax advisor either but this is what my tax advisor tells me. Purebull

To: MichaelJ who wrote (18126)	12/29/1997 12:13:00 PM
From: William G. Murray	Respond to of 36349

Michael, Keep in mind that PAIR's earnings come out around Jan. 26. You would need to repurchase after earnings report. If you are expecting a good report (I am.), the timing may not be the best.

To: MichaelJ who wrote (18126)	12/29/1997 1:06:00 PM
From: Chicago	Read Replies (1) \| Respond to of 36349

MichaelJ, In my opinion... This is the reason you see alot of tax loss selling at the end of November through mid-December. So money managers can buy back in late-December through early January(thus contributing to the "January effect"). Regards, Chicago

To: MichaelJ who wrote (18126)	12/30/1997 12:06:00 AM
From: R. Martenson	Respond to of 36349

"The end of a taxable year during this 61-day period does not affect the loss sale rule. The loss is still denied" Just pulled this quote from 30.7 of the tax code (courtesy of JK Lasser). It would seem to indicate your stuck regardless of the end of tax year. J.K Lassers income tax guide, seems to be a pretty good source. You can probably get the same info on line from the IRS. The thought had crossed my mind to do the same, but this pretty much put's a crimp in that technique. Regards, RLM