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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (7345)	4/23/1998 7:41:00 PM
From: Ira Player	Respond to of 14162

Don't be so afraid of wash sales!!! Always make the selection that is appropriate. A wash sale is an accounting issue where the initial loss is carried into the basis of the new position. As long as that new position is closed by the end of the tax year, it doesn't matter. If it isn't closed by the end of the tax year, you still get credit for the loss, just not this year. 1. Sell at $2. Basis = $2. 2. Buy at $3. Loss = $1. 3a. Then sell at $2. Basis = $1. (Less than 30 days from step 2) 3b. Then sell at $2. Basis = $2. (More than 30 days from step 2) 4a. Expires worthless. Gain is $1. Total is $1. (Loss in step 2 is in the basis) 4b. Expires worthless. Gain is $2. Total is $1. (Loss in step 2 is independent) Enjoy the ride, Ira

To: Herm who wrote (7345)	4/23/1998 7:52:00 PM
From: Roger Louis	Read Replies (2) \| Respond to of 14162

Great post Herm! I pulled a ProVestor Plus Report on XRAY which showed 297 institutions own 93.3 % of the 54.1 million shares outstanding. For comparison, the average institutional ownership of the Medical Equipment & Supply Industry is 41.9% and the average institutional ownership of the S&P 500 is 61.6%. Looks Good! Insiders hold 20 million shares. In the last 6 months there have been 5 insider sales and no insider purchases. S&P Reports gives a fair value of 33 7/8. In the past 30 trading days, XRAY's shares have declined 7%, compared to a 6% rise in the S&P500. Just a few facts for now, I'm still checking it out.