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To: Lynn who wrote (1966)	12/9/1998 10:09:00 AM
From: rob g	Read Replies (1) \| Respond to of 27722

you can buy and sell them anytime you want. if you want to CLAIM the loss though, you must wait at least thirty days. i think this is called the wash or walsh rule. its an income tax thing. this is the way i understand it.

To: Lynn who wrote (1966)	12/9/1998 11:22:00 AM
From: Amots	Read Replies (1) \| Respond to of 27722

Lynn. You can buy them back, but its a Wash sale and you don't have the tax loss this year, but an adjusted base for the re-buy based on the loss from the original position. And from the IRS: <<Wash Sales You cannot deduct losses from sales or trades of stock or securities in a wash sale. Any gain from these sales is taxable as a capital gain. A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: 1.Buy substantially identical stock or securities, 2.Acquire substantially identical stock or securities in a fully taxable trade, or 3.Acquire a contract or option to buy substantially identical stock or securities. If you sell stock and your spouse or a corporation you control buys substantially identical stock, you also have a wash sale. If your loss was disallowed because of the wash sale rules, add the disallowed loss to the cost of the new stock or securities. The result is your basis in the new stock or securities. The effect of this adjustment is to postpone the loss deduction until the disposition of the new stock or securities. Your holding period for the new stock or securities includes the holding period for the stock or securities sold. Example 1. You buy 100 shares of X stock for $1,000. You sell these shares for $750 and within 30 days from the sale you acquire 100 shares of the same stock for $800. Because you bought substantially identical stock, you cannot deduct your loss of $250 on the sale. However, you add the disallowed loss ($250) to the cost of the new stock ($800) to obtain your basis of the new stock, which is $1,050. >> irs.ustreas.gov Regards Amots