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Technology Stocks : Xerox (XRX)

XRX 3.060

+1.7%

Nov 7 4:00 PM EST

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To: Kurt A. Altmann who wrote (164)	11/30/1999 6:17:00 AM
From: Thanh T. Phung	Read Replies (1) of 431

Kurt, IMO, a low due to tax-related selling usually occurs in October, November, and/or December. In October, mutual funds sell to offset gains to end their fiscal year, and people sell to avoid a "dark Friday". In November, individuals sell to offset gains and hope to buy back before year-end to avoid a wash sale. In December, individuals also sell to offset gains. I myself reserve a lot of capital to buy stocks when they drop in these months. I bought 500 XRX's last week and I'm looking to double my XRX position by year end. It seems to me a low in December is less likely as compared to October and November because of the support from year-end buying. Thanh

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