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Message: jefother
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Oct 12, 2007 10:56PM
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Oct 15, 2007 11:47AM

dlj
Oct 15, 2007 01:14PM

dlj
Oct 15, 2007 01:42PM

dlj
Oct 15, 2007 01:48PM

As I have suggested before, have you considered doing a series of "wash sales" to average lower and get a tax deduction for those high priced shares?

 

For example, if I had 100,000 shares at an average of 4.50, I might sell 5,000 today, then buy them back after 30 days (as meticulously explained a few days ago) and repeat until my average cost basis was lowered, and I sold them all over a quite a few months at a loss.

By only selling 5,000 (as an example) I limit my potential additional loss in the unlikely event that within the next 30 days the pps goes up to my average of 4.50, and I have to buy them back before the wash sale deduction is allowed.

 

It works on paper, anyway, and if I understood that explanation correctly from a few days back, I might even be able to do some of the buying before I had to sell as single share... removing the potentional that I may have to buy back as the price increases.. but I would re-read that again to be sure.

 

Just a thought...


Oct 15, 2007 02:15PM

dlj
Oct 16, 2007 07:14AM
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