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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Nazbuster who wrote (53)	3/6/1999 3:25:00 PM
From: F. Lynn	Read Replies (1) \| Respond to of 10293

I agree. regardless of one's outlook for cpu, it is virtually a given that the stock won't bounce in the next month, as management won't make any positive outlook comments, and doesn't have any credibility with Wall Street even if they did. Bill, if you own the 20,000 you said you did you probably have close to a six-figure loss. Since most of your other picks are doing quite well, you probably have alot of gains to offset. Selling the compusa could save you 36,000 in taxes. Think about it this way; if you sell the shares, take the loss to reduce taxes, and then buy them back in a month, you have in essence sold a one month out at the money call option. if you save 36K in taxes on 20K of compusa stock you have essentailly sold the options at $1.50. Any option valuation model would tell this is a GREAT price to sell these options at, they are probably worth far less. So bite the bullet and sell: stocks that disappoint this badly take a long time to win back credibility (remember how long IFMX wallowed). in the long run you'd be better off to sell and buy them back in a month.