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Greetings Ira,

I am so grateful for your reply. Just so I understand....

The first loss (let's say it was 100 shares) of one hundred dollars is suspended. Now if I short 100 more shares at 42 the cost basis for my new shares will actually be $4300 (commissions aside) and if I close my position before December 31, 2002, in reality I will be receiving the exact value loss because it has been added to my new cost basis, right?

In essence, I won't lose anything, right?

Thanks once again,
It's people like you who make this board so wonderful,
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