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To: Bald Man from Mars who wrote (1919)	11/19/1998 1:14:00 AM
From: L.B.Nguyen	Read Replies (1) \| Respond to of 3576

BMFM, IMO, if you buy and sell and then buy, 30 days will apply; however, if you buy and buy and sell then the 30 days doesn't apply to the second purchase. You must be sure that the stock you sold belong to the first batch you bought. Some brokers do allow you to choose which batch you want to sell. Some do not. Check with you CPA to be sure though.

To: Bald Man from Mars who wrote (1919)	11/20/1998 12:55:00 AM
From: Kevin McKenzie	Respond to of 3576

Can you claim a loss, since the 100 shares you sold on #3 is the 100 shares you bought on #1 ... I believe you also have to establish which method of accounting you will use, and be consistent (ie, FIFO or LIFO). Example: Day 1 Bought 100 ABC at 10 Day 2 Bought 100 ABC at 5 Day 3 Sold 100 ABC at 10 Day 1 Bought 100 DEF at 5 Day 2 Bought 100 DEF at 10 Day 3 Sold 100 DEF at 10 I don't think you can claim that you sold the first batch of ABC and the second batch of DEF. You have to choose one or the other (ie, LIFO or FIFO). Again, I may be talking through my hat. But that is my understanding.