To: Dragonfly who wrote (7005 ) 11/16/1999 9:00:00 PM From: JMD Read Replies (1) | Respond to
Dragonfly--thanks for your thoughtful response. At the end of the year, I force myself into a slow water torture known as portfolio repositioning. It usually has little to do with tax strategizing, though that sometimes comes into play. Mostly it has to do with: why did I buy XYZ and are the reasons still valid given that XYZ has done thus and so in the past 12 months and is likely to do whatever in the next 12? I try like the dickens NOT to look at the price of XYZ, i.e., that's the last thing I want to "interfere" though of course it's close to impossible not to let that little factor rear it's ugly head.
