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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (19626)3/21/1999 4:27:00 PM
From: Susan Saline  Read Replies (2) | Respond to of 53068
 
LOL

well Paul gives me "hope" that my 23 dollar UTI may actually have half a chance of a come back some day.

and the timing as to we're possibly closing in on an oil bottom.

what do ya have for me, you sweet thing?

ahhhhh ... better not answer that Lar ... gggg



To: Larry S. who wrote (19626)3/21/1999 8:17:00 PM
From: Mac Oliver  Read Replies (1) | Respond to of 53068
 
Could anyone explain to me how daytraders, who "flip" in and out of the same stock several times in a day/week/ month, handle the "Wash Sale" rule when it comes to taxation? There are severe penalties on loss claims if a stock ( or similar stock) is bought, sold and rebought within either 30 or 60 days. Is there some exception for short term traders?

I'd appreciate any help on this.

Mac Oliver


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