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To: Sam The Money who wrote (1476)2/9/1998 8:02:00 PM
From: George McMeen  Read Replies (1) | Respond to of 3967
 
selling it all to mother-in-law for $1 & taking the loss

according to www.fool.com (go to fool school and look for the write-up on "worthless" securities. . .

I read today. . . you can sell your shares to relative (not close like brother or sister/ father mother) but to cousin or mother in law. . . and then use the stock as a sale ... and that way capture the loss for tax reasons.

Then, if the stock ever does go up. . . the stock is still "in the family."

FWIW.

Cheers. George