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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Xplorer who wrote (2762)9/29/1998 1:52:00 AM
From: marc ultra  Respond to of 3696
 
Xplorer, don't know how you can buy "new shares one day and sell old shares the next and take a loss. If your purchase is within 30 days before you sell for a tax loss it's a wash sale and you can't take a loss the same as if you bought "new shares within 30 days after. Unless you're making some other point I don't get

Marc



To: Xplorer who wrote (2762)10/3/1998 9:13:00 PM
From: Bill Martin  Read Replies (1) | Respond to of 3696
 
Re: However you could buy the same amount of shares of the same stock first, then sell the "old" stock for a loss. That's what I did. I bought the "new" shares one day and sold the "old" shares the next.

Bzzzzzzt! Go directly to jail. Do not pass "Go" and do not collect $200.

Bill Martin


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