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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (5618)	12/31/1998 10:13:00 AM
From: Paul Senior	Read Replies (2) of 78751

Yes Wallace. I wouldn't justifying buying this time of year because of tax loss selling. I've never been able to successfully play that alleged January bounce effect. But if the stock is beat up enough that I think it's undervalued -- once I come to that conclusion, I don't want to let extraneous circumstances -- market dropping, end-of-year, etc. deter me from establishing a position. Furthermore, I think I am in the process of also learning not to SELL just for tax consequences (at any time of year). Seems like loser stocks for me which I sell to offset gainers -- often these losers make their comeback. I would've been financially better off if I held on to them rather than go for reducing cap gains tax.

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