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Technology Stocks : Dell Technologies Inc.
DELL 133.35+0.1%Nov 28 9:30 AM EST
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To: jim kelley who wrote (676)11/30/1996 11:25:00 PM
From: Patrick E.McDaniel   of 176387
 
Jim, everybody wishes their only problem was taxes on great profits!

Now down to business. As far as options go there is no hope. As far as the stock goes it's another story.

I hold Dell in both non-IRA and IRA accounts. The IRA is the easy one. Just move in and out as taxes on profits are deffered.

The problem is Dell shares in the non-IRA account. The real question is capital gains tax relief possibly coming next year. Clinton is also sounding like he will support this next year and we know the republicans want it.

So here is my position on the non-IRA account. I am going to hold Dell until the captal gains tax relief situation clears up.

If seroius tax relief comes the market could get a major push from yuppie types seaking better returns. Also Dell with high growth rates should be at a premium.

I have heard capital gains rates down to 14% or lower.

Another thing to consider is a report out this Wednesday stating inflation (CPI) is overstated and adjustments are warrented. The result is to reduce the COLA to entitlements and a more balanced budget. This will be very favorable to the bond market resulting in lower rates and increasing investment in the stock market.

This is assuming somebody in Washington has the guts to stand up to the special interest groups affected. (Seniors are the prime consideration)

The capital gains issue sounds like it may get resolved this year. The COLA situation sounds to me like a longer process but one the bond market will be encouraged by.

What are your thoughts, Pat
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