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Technology Stocks : American Power Conversion
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To: Bill Martin who wrote (1804)10/26/1997 8:05:00 PM
From: Harve Wolfe   of 2574
 
Bill, I think he is refering to the taxes owed on the gains on the stocks that are sold in January of 1998. That is defering a tax liability until the 1998 tax year as compared to having a nearly immediate tax liability for the 1997 tax year. Someone doing this would have a bearish outlook for 1998 and would also want to defer income tax payments for a while. At least that's my read???? Harve
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