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I just completed selling off my compete holdings in JDSU, CRA, QCOM, AOL & AMAT. Although I intended to keep these aome stocks as long term B/H, I couldn't pass up the oppertunity to claim the losses against some of my other tax gains. I was planning on just waiting for the 31 days required to aviod the wash rule, then buying back in.
I started to wonder if I could buy into SDLI and TWX and wait for the merger to take place in the next couple months, and participate in any gains in the coming month with and end of tax selling, jan effect, all the good things that happen?
I also own ABI (applied biosystem formerly PEB) and was thinking of just buying more with the proceedes from CRA and QCOM. Would I run into problems witn both being from the same parent company Applera (former Perkin Elmer)?
Maybe I should just forget about it and sit on the sidelines for my 31 day timeout. There is about $12,000 in realized losses, about $7000 realized longterm capital gains, no short term, and I know I own Uncle Sam some taxes from property sales and increased income. I am in the 30+ tax bracket.

Any idea or suggestions

Aloha & Mahalo,
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