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To: marc chatman who wrote (27087)8/5/1998 11:21:00 AM
From: Bazmataz  Respond to of 95453
 
This can only go on for TWELVE MORE DAYS EVERYONE!

After that time, many of these stocks will be at zero and then we'll be done. Look at it that way. NE can only do this 30 more days. MDCO can only do this twenty more days. So there we are. This can't last more than another month! Just thought I'd add that. BTW, for the record, I'm still buying...

Good luck to all and I'm with Slider (although not so emphatically!) that this will prove to be an historic buying opportunity for those who are longer-term-minded.

Baz



To: marc chatman who wrote (27087)8/5/1998 11:26:00 AM
From: Richard D  Read Replies (1) | Respond to of 95453
 
Sept futures up 34› despite API report. Something good is happening. Up on bad news! Maybe the OSX will get a clue soon.

Richard



To: marc chatman who wrote (27087)8/5/1998 11:35:00 AM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
""Serious'' Question - on ''Wash Sale Rules" any CPA's or accts?

I've gotten conflicting input on this - help; from anyone who knows the facts ?

RE: wash sale rules. - for example;

If I buy 1ooo shares of XYZ Inc. at $36 on April 1.
Then I sell all 1ooo shares at a loss @ $28 on say July 1st.

But, now I think XYZ Inc. has bottomed at say $18 and I buy 500 shares at $18 within 30 days of my former sale - which ''violates'' the wash sale rule. Have I ''lost'' my entire ''loss writeoff'' on all 1000 shares; or since I only bought back 500; can I still claim a capital gains loss on the ''remaining'' 500 shares that I didn't ''replace''?

...tax considerations on buying back in ? If we see some major selloffs to ''no-brainer'' levels within 30 days after selling a stock, this creates some tax consideration questions...? Comments ?