Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bob Myers who wrote (43330)	12/29/1997 4:16:00 PM
From: Clayton	Read Replies (2) \| Respond to of 186894

I can't believe how negative Wall street is towards INTC. Today Dow up 100+, Naz up 26, almost all tech stocks have nice up day and this dog is down!!!!!!! Clayton

To: Bob Myers who wrote (43330)	12/29/1997 5:20:00 PM
From: Dave	Read Replies (1) \| Respond to of 186894

Bob, They are entirely two different accounts. It doesn't matter. For example, Let's say you hold stock A in your regular account and you are losing money and decide to sell. You can purchase that stock in your IRA and don't have to worry about the wash sale rule (or 30 day window) Now, if you repurchase that same stock before the 30 days in your Regular account, then you will have problems... d dave

To: Bob Myers who wrote (43330)	12/30/1997 11:58:00 AM
From: Barry A. Watzman	Respond to of 186894

Bob, In your original post, you indicated (or I thought you did) that both accounts were IRAs; in this post, you seem to be saying that one is an IRA, one is a normal account. I'm not sure how the wash sale treatment applies in such a situation. In any case, however, the wash sale rules do not prohibit the transaction, they only deal with the tax treatment of a resulting loss. For more information, you are going to have to consult someone with more knowledge than I have.