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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST

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To: Melissa McAuliffe who wrote (3071)10/21/1998 11:17:00 AM
From: Tom_   of 4509
 
Mutual Fund tax loss selling...

Melissa-

Elizabeth Mackay of Bear Stearns had a blurb quoted in the opinion section of Barron's a while back in which she indicated that, as a "general rule", mutual funds have until the end of October to take tax losses. And that this year they will do so, "vicious"-ly.

This doesn't apply of course to private investors.

Chuzzlewit linked to a Dell thread post that copied the blurb. See his #2748, linking to DELL #72059.

Some key words, IMO: "once past this point, it may be a good idea to bargain-hunt" depressed areas.

PSFT = DA, IMHO.

Cheers,

Tom
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