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Re: 10452km2 post# 6182

Wednesday, 12/23/2009 11:42:11 AM

Wednesday, December 23, 2009 11:42:11 AM

Post# of 48320
If they dump the stock and re-buy within 30 days, it's called a wash sale and they can't claim their loss on the original sale. Even if they sell the stock in a previous year, and buy in the next year. If people are selling to claim their losses, we might not see them buy back until the end of january/early february. (provided they know about the wash-sale rule).