Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10 5/3/83 based; site houxz.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!mhuxj!houxm!houxz!halle1
From: halle1@houxz.UUCP (J.HALLE)
Newsgroups: net.invest
Subject: Re: Long term gains = 6 mths - (nf)
Message-ID: <970@houxz.UUCP>
Date: Fri, 21-Sep-84 15:21:10 EDT
Article-I.D.: houxz.970
Posted: Fri Sep 21 15:21:10 1984
Date-Received: Tue, 25-Sep-84 21:29:52 EDT
References: <52900028@trsvax.UUCP>
Organization: AT&T Bell Labs, Holmdel NJ
Lines: 10

Regarding waiting to prevent a wash sale:
This wait is unnecessary if you sell for a gain.  Only if you sell
at a loss is it considered a wash.  So if the stock goes up, sell
it and buy it back the next day.  (Wait the day to prevent FIFO/LIFO
type problems.)  N.B.  This advice assumes that this practice is not
specifically forbidden by the act shortening the holding time.

Considering commissions, this sell-buy transaction is not worth the
trouble unless you own a very large amount and intend to sell it
quickly; i.e. if you are a speculator and not an investor.