WOW! GREAT IDEAS EXPRESSED TAXGURU!

Ok! I see what you are saying with respect to VMW! I really want to keep this as a core holding for the next 3-5 years.. It is after all the next GOOG!!!

But, lets say I did buy 2 of the 4 volatile stocks that you mentioned in your article. For example specifically, I do own VMW and RIMM. I really don't want to sell either of them but it seems the current price is below my cost. In both cases, I am losing in excess of 15 dollar on average per Stock.

My CPA told me to sell these before December 31st so that I can write off the losses,"Tax loss selling " according to him. As such, I have sold stocks earlier in the year that resulted in substantial capital gains.

Would that not help me at tax time? Can I not deduct these losses against the Gains from the sale transactions of the stocks sold earlier in the year? Would Wash sale rules even for these instances where there are Gains to be offset and I am hoping that I can repurchase both RIMM and VMW immediately??

This doesn't sound fair if I am subjected to Wash Rules!!!!