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To: SierraWasp

Morons.. loser sell-off to claim losses for 2005. It'll all get bought back in about ummm... 31 days.


8 posted on 12/27/2005 1:44:45 PM PST by xcamel (a system poltergeist stole it.)
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To: xcamel
Morons.. loser sell-off to claim losses for 2005. It'll all get bought back in about ummm... 31 days.

YOU ARE CORRECT.

Today was the last day of the year to sell your losers and get the tax benefit this year.

I had forgotten all about that. Then again I have no dogs to get rid of.

11 posted on 12/27/2005 1:47:28 PM PST by NeoCaveman (If we ever banned air conditioning, I think people would move back, - Bob Bennet Ohio GOP)
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To: xcamel

That is exactly what I was thinking. It's tax-protection week for the big traders.


12 posted on 12/27/2005 1:47:40 PM PST by Carling (http://www.marriedadults.com/howarddeanscreamaudio141jq.mp3)
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To: xcamel

YOu got it. End of year profit-taking.


14 posted on 12/27/2005 1:52:35 PM PST by Grendel9 (u)
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To: xcamel

It'll all get bought back in about ummm... 31 days.

Actually if they were smart they would have filed with the IRS a certain way last year where they can sell losers and buy back any time they want. The 30 day rule is not in this type of filing. If I remember right it's called Mark to Market, and please correct this anybody who knows for sure.


26 posted on 12/27/2005 2:09:56 PM PST by jwh_Denver (New Year's Resolution #1. Try to cut to half those looks my wife gives me. .....punt.)
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