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forest
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what are the rules for buying the same stock again??

my uncle who is a huge investor...said you are not allowed to buy a stock again within 31 days after selling it...is this true? i cant find anywhere that states this...

cheers, any info is great help...
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Troy
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I think your uncle is talking about the "Wash Rule". Here is some info: http://www.fairmark.com/capgain/wash/ws101.htm
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