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Technology Stocks : America On-Line: will it survive ...?
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To: steve lipson who wrote (6626)12/31/1997 3:02:00 PM
From: Harry Larson   of 13594
 
>>you might want to check into the new tax laws that extend the
>>capital gains holding period out to 18 mos. and cut the tax
>>rate for shares held that long. Investors motivated by tax >>considerations have new reasons to be patient, not to dump
>>shares.

Except the institutions that hold 70% of AOL float are compensated
based upon raw performance, not tax efficiency.

Yeah, same old half-baked stuff, like maybe valuation does and
will matter.
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