Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: sheldon spivak who wrote (17157)	9/1/1998 10:32:00 AM
From: The Rabbit	Read Replies (1) \| Respond to of 18263

Well, sure. Zitel did trade below $1, before (Actually it was 1 7/8, but before the split). Of course it rebounded upon news of IBM royalties forthcoming, real money. Rabbit

To: sheldon spivak who wrote (17157)	9/1/1998 11:58:00 AM
From: Marconi	Read Replies (2) \| Respond to of 18263

Hello Mr. Spivak: IRS Publication 550 could help. Please see: p37 constructive sales p44 worthless securities p49 wash sales and short sale losses p52 calls and puts (treament as short sales) p54 straddles -- rules on losses, end of year valuation. It is available on-line. For worthless securities, there is an official list declared of worthless securities. If ZITL were to make the list at some point, then from the 1997 Publication 550 instructions, it would be treated as if it were sold on the last day of the year that it became worthless. That definition could affect the holding period which in turn can affect tax rates. As always, the advice is to consult a qualified tax advisor, which I am not. Best regards, m