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To: Marc Newman who wrote (5210)	12/29/1997 8:34:00 PM
From: fut_trade	Respond to of 27307

<<Four11 will probably dump the shares as soon as they can.>> They already did.

To: Marc Newman who wrote (5210)	12/29/1997 9:01:00 PM
From: fut_trade	Respond to of 27307

<<And, copied from another thread: Wash sale. Lasser 1997 Section 30.7 "Under the wash-sale rule, your loss deduction is barred if within 30 days of the sale you buy substantially identical stock or securities, or a "put" or "call" option on such securities". The wash sale period is both before and after the day of the sold securities and applies to spouses as well.>> This is very incomplete. Here is a short example which explains some of the details. Let's say you short 200 shares of YHOO at 50 and cover at 55. Then a week later you short 100 shares at 60. 100 shares of YHOO can be used as a loss on your tax return. The other hundred shares are "wash" and are used to offset the short price of the remaining holdings -- which would be 60 - 5 = 55. I'm not sure how "put" and "call" options are treated. Anyone have more detailed information regarding options?