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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: Lionheart who wrote (12875)12/22/1998 10:03:00 PM
From: Cosmo Daisey  Read Replies (1) | Respond to of 13594
 
Lionheart,
I'm with you, I positioned at 116 this morning.
cdaiseyPhD@heliopause.com



To: Lionheart who wrote (12875)12/22/1998 10:35:00 PM
From: Dr. D  Read Replies (1) | Respond to of 13594
 
In addition if you lost money on your margin trade you will loose your tax loss deduction if you had bought it back this morning as you outlined.

If your not aware of it , it's called the IRS washout rule. Which says if you buy back before 31 day elapses you loose the tax loss deduction.

It suck but it's the law.

BTW: That was one hell of a success story.

Best wishes

3d



To: Lionheart who wrote (12875)12/23/1998 2:01:00 AM
From: powershred  Respond to of 13594
 
Honesty is always admired...in my books...do not think AOL will disappoint...question is will traders sell on news...regards and have a great holiday season....to all!