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To: Ed Pettee who wrote (148)1/1/1998 6:39:00 PM
From: Silicon Trader  Read Replies (2) | Respond to of 7701
 
Ed i was under the impression
up until this morning that tax loss selling was over 3 days prior to
the 1st of january , but i was mistaken . After reading yours and Daves post , i then heard that Tax loss selling can occur right up until the last day on CNBC. The sale date is the key from my understanding.

I will also agree with yours and dave's opinon on the posiability of loss seller's turning right around and repurchasing NRAG over the next few weeks. From my understanding if a person had full knowledge of tax selling laws that the repurhasing might be delayed until Feb 1st, as their are some laws that require you to wait 31 days until repurchasing for a person to claim it as a loss. Now that would only apply to the people that sold on wednesday . Considering the recent trade reports and charts over the last month we very well could see a nice influx of people repurchasing. Not everyone waits till the last minute to do the tax loss thing.. Just some thoughts on the topic as i patiently await the return of a regular trading schedule . LOL !!!

GO NRAG MBA