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To: Skeeter Bug who wrote (4584)4/13/1998 12:02:00 AM
From: michael meyers  Read Replies (2) | Respond to of 42834
 
Skeeter, I don't think it works this way. My understand, after discussing with others, and reading carefully the rules, is that the 30 day "wash rule" period applies to both *before* and *after* the sale date.

Regards,
Michael



To: Skeeter Bug who wrote (4584)4/13/1998 9:14:00 PM
From: James F. Hopkins  Respond to of 42834
 
Skeeter; I been doing this for 3 years, but didn't have the words
to explain it. While people said I was nuts for doubling down
on my losers. If the fundamentals hasn't changed on the stock,
and your just going to hold, why not double down. It drops your
average and later if you then sell half it's the half you bought at the higher price. This even if it don't give you a tax write off
reduces the taxes untill you exit the other half, which you hope
not to do untill your in a lower bracket.
I didn't really come up with it my tax man did.
Jim