News Focus
News Focus
icon url

xanadu

08/04/04 6:22 PM

#3487 RE: Bruce A Thompson #3485

Yeh Bruce, I see your problem with that.

Volume has been rewally low, about 3 million, for days. It would be a nightmare to try and catch an upturn with 2million on the table.

I guess what you have to do is believe you are selling off of the bottom???? Or to you use FIFO or LIFO?

I asked a tax question on the board some time ago without an answer. If I have several purchases of the same stock over a period of time and only sell part of them before the end of the tax year, do I have to use FIFO or LIFO, or can I use whatever purchases will result in the least taxable income?