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To: drsvelte who wrote (1911)	8/18/1998 10:54:00 PM
From: bw	Respond to of 14427

I have shown over 240 [round-trip] trades so far this year, and as far as Part 1 on Sched.D...my accountant usually shows them as "multiple trades", without the need to list them separately on the return. Of course, we do have the records should the need arise [nice to be anonymous here<g>]. I would have my doubts about this approach, but he is an ex IRS agent..and as far as I know, has always followed the guidelines. However I am also no expert on these subjects, so please don't try this at home...<gg> Speaking of anonymity, I can say in all humility that I went long FLC and FGII today. Covered BJS short for no profit once it started showing strength this morning...still hesitant to short this beat-up sector. Glad that I didn't short FMO as planned yesterday. As said before, shorting can be really dangerous on merger/acquition type news. FMO went through the roof today on an offer to buy a portion of Cooper Ind. for a cool 1.9 billion [in cash, no less!]. cbs.marketwatch.com Check the debt ratios and PE on FMO, and the short possibilities should become apparent for future correction. Have done well shorting this one after the GM strike [which will show up very negatively on their next quarterly]. biz.yahoo.com