Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (44898)	5/18/1999 6:39:00 AM
From: Ken Robbins	Respond to of 95453

Algeria's Yousfi wants production cuts to remain until March 2000 as per OPEC's original plan. I wonder if that's long enough. biz.yahoo.com

To: Robert T. Quasius who wrote (44898)	5/18/1999 6:58:00 AM
From: Evolution	Read Replies (1) \| Respond to of 95453

"... Unfortunately, yesterday's action did not indicate reinvestment (i.e. like a January bounce)" Isn't there a wash sale period to observe, so that the loss can be be reported to the IRS? Somebody realizing a loss on May-13 would have to wait 30 days. So the loss sellers may come back progressively over a 1 month period, depending on when they sold. RIG saw a sharp rise from Apr-14 to Apr-20 (roughly), so many tax loss sellers may have been prompted to sell just after that. Will most of them come back buying around May-20?