Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (127084)	10/31/2000 1:49:51 PM
From: tejek	Read Replies (1) of 1583681

What is it about the October 31st and the tax selling? Why October 31st? Joe, It has to do with IRS provisions....I don't know the particulars but you must sell by the 31st if you want to show the loss on your next income tax statement. Its why October is always such a difficult month....the funds are selling off their losers and/or taking profits. And then after its over, typically (at least for the last 3 years), there is a rally. What has everyone nervous is that the rally is very late in coming this year. So who knows whats happening. ted

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