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Technology Stocks : How high will Microsoft fly?
MSFT 483.03+0.5%3:59 PM EST

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To: johnd who wrote (35670)12/18/1999 2:51:00 PM
From: Exacctnt  Read Replies (2) of 74651
 
Johnd, <<<Also there was talk on CNBC Friday that there will be heavy selling in first week of Jan. when all the internuts holders will take profits and don't have to pay taxes on the profits for one year.>>>

Tax talk like that may be a myth. If investors have huge gains and don't want to sell this year because of taxes, then selling in January most likely will create a tax liability in April of 2000 not 2001 because of estimated tax payment requirement. In effect, the tax on gains will not be delayed by another year if one sold in January vs December.

Regards
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