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I was wondering what the consensus opinion is on selling a stock with a sizable(1K-1.2K)short term capital loss to offset a big tax bill, largely due to a sizable(3K-4K)long term capital gain. I know the market is down right now, and a stock held for less than a year may very well turn around a year later. Then again, it may NOT!! I feel(hope) I've learned a lesson about stocks like YHOO, CMGI, etc., as I believe a lot of others have too. Any advice would be appreciated. Thanks.
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