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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: SG who wrote (38178)	9/30/1998 4:29:00 PM
From: Snowman	Respond to of 41046

This is my plan..will sell earlier shares at end of December if need be, will still have plenty bought at around 75 cents so won't have to worry about jumping back in. 30 day wait period is the correct time you have to wait to buy back in so you can write it off as a loss.

To: SG who wrote (38178)	9/30/1998 5:23:00 PM
From: jim bowman	Read Replies (1) \| Respond to of 41046

Scott, I think you may be incorrect on this so I'll add my $0.02. My understanding of the wash rule is that if you buy or sell a particular stock or one that is very similar you can't sell or buy (the inverse of the initial trade) that same or similar stock until day 31 following the initial trade. Making the second trade within the 30 day window would preclude you from claiming the loss. I would like to hear other comments about this if I am wrong.