Bought diamonds (DIA) in following sequence:

10/8 100 sh @94

10/10 50 sh @82

10/17 50 sh @89

11/12 50 sh@83

As long as I select from above and sell for gains, it would not be a wash sale. Am I right with my thinking. For example, if I sold 50 shares on 11/26 for 87 and used my cost basis of 85 on 11/12, I would be ok. Thanks for your response-kbi

Sorry, but it should be cost basis of 83 instead of 85, Thanks-kbi

Well..

1. BTHOM,,but makes sense.. but nothing does in this business

2.Maybe ask the Stock boys at >

M* Hands On Board

Ultimate Stock-Picker's Board

 

 I think you are right. Wash sales are losses only with rebuys within 30 days.

as long as its a GAIN no wash....If its a LOSS then the only penalty will occur when you sell the one that falls in the wash sale rule. Dont forget to factor in the broker expenses.