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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (88547)	1/16/2001 7:23:51 PM
From: Shane M	Read Replies (1) of 132070

I think maybe I should start focusing more attention on trades like this. Even if the types of companies that I would like to take long term positions aren't available, there appears to be a very good trading opportunities among companies that aren't too bad. Wayne, I agree with you re tax loss selling. At the end of December next year I'm going do exactly that. I had several in my portfolio that bounced like madmen after being sold off nearly to extinction to the end of the year. In a stock "game" here at work I picked 5 stocks that I felt were "oversold due to tax loss selling." At the end of last week the 5 stocks were up an average of over 40% since year end. There's definitely some money to be made from the inefficiency created by the tax loss selling and I'm going to be sure I play the game with real money the next this happens. All we need to do is make sure we have a) some dry powder, and b) a market crash at the end of next year to create another opportunity. <g> If I remember you were in WCOM weren't you? That's one that's bounced due to the very effect you mention IMHO. Shane

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