[scienceguy2]

I am trying to come up with a downside to my stock proposal. I have a couple stocks that are big loosers. I beleive they will be good in the future but I got in at a bad time. I have dollar cost averaged it down somewhat.

I would like to sell my loosers, then after 30 days buy them back. I do not know the tax consequences from thsi action. I stayed away for 30 days so it would not be a wash sale so I can take the loss on taxes. Since the price is much lower I can buy back more stock than I currently own and get a great gain back when the stock does increase. Basically, I loose 50% of my investment but can gain 100% or more since the price is lower.