Now, the advice that many a would-be Internet millionaire got from tax experts and the media was to sell the beaten up option shares before the year was out and use the proceeds to buy back the stock atcurrentmarketprices.
This regulation required the balance sheets of financial institutions to list assets at their currentmarketprices every day, rather than their historical costs or their expected values based on their probable future income streams.
In March, it abandoned all vestiges of realistic accounting by allowing banks to value their massive share portfolios, whose worth counts towards their capital, at historical rather than currentmarketprices.
Vahan Janjigian , editor of Forbes Growth Investor and Forbes' Special Situation Survey believes that atcurrentprices, the market is looking attractive but you need to be selective.
One thing to be aware of: Both institutions and insiders were big sellers of JCOM shares in the past six months atprices slightly above currentmarket price.
Many financial observers anticipate further write-offs by U.S. banks, as they have not been forced to mark to market their entire loan portfolios, but have instead kept them on the books at their original prices or levels far higher than the currentmarket.
Mr MacRae believes there could be a "modest pick-up" in housing market activity if mortgages are made more available and prices remain at their current levels.