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I am new to this msg brd;
usted to sell stuff (series 6); Old addage: price
average still holds; bought and sold stuff; Oct 86 came;
lost some but held; made some; lost more; made it up.
Unless you can flush it down the toilet, ride it
Don't think 31 days is enought. TMO is STILL
TopoMetrix (but Topo sold license to
all products to another company- thats why Tho is now
on Board of Directors ??). Still
products. Wait until reorg is in place. I should have
bought at 13 but waited. Oh Well -
If you don't believe TMO can recover in a
reasonable time frame then you ought to sell it and move on.
But if you want to wait it out and still take the
loss for tax purposes, then double up on your
position, wait 31 days, then sell the original lot. I did
that. It's too late to do it for 1998, however. You
could, of course, sell now and re-purchase in 31 days.
But the odds are that TMO will be higher 31 days from
now as tax loss selling subsides.
the main reason for selling now would
be to free up cash to purchase something else that i
think is going to scream soon. then again it may crash
thanks for the advice i will take it
One reason that companies like Thermo Electron,
which are down for the year, have not participated in
the recent rally is that many people have already
begun selling to get the tax loss. In my experience,
this is a foolish practice. If you must sell, avoid
the crowds and wait until early next year. You won't
get the "immediate gratification" of a tax deduction
on your 1998 taxes, but you will probably get enough
more for the stock to make up for it, and you will
eventually get the tax benefit for 1999, if you can be
patient. For that matter, if you could be even more
patient, you won't have any loss at all.
do what you must do, but in my somewhat-humble
opinion, this will be seen as a particularly foolish time
to be getting out of TMO.
With TMO down recently I notice not much talk on
Does anyone have anything insightfull,
happy, thought provoking, or anything at all to share
about the short term outlook for our TMO shares.
Thinking of taking the loss
I heard on the news (public radio) tonight that
Left Ventricular Assist devices, such as
ThermoCardio's Heartmate, have been found to allow some hearts
to recover so that a transplant becomes unnecessary.
Why is this not in the financial press by now? TMO
stock could use some assist!
and few large investors want this to show up in
their end of year portfolios. Plus, losses from TMO
will help offset gains from more profitable
This is known as "window dressing" in the mutal fund
Good opportunity to buy, and when such securities are
repurchased early next year, this helps create the 'January