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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (15826)	11/27/1999 8:29:00 AM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Rande Is: General question on trading tactics: Since the Long 3.0 portfolio stocks were listed Oct. 27, selling any of these stocks will result in loss of 40% of profits because of tax rate on short-term gains. When your analysis and "vibes" generate a sell signal and tell you to raise cash, is this taken into account? In short, when you feel it is time to exit the market, are you in effect saying that the risk of substantial loss outweighs the 40% loss of profits from selling stocks short term? Also, when you do feel it is time to exit the market (as in April/May of this year), do you liquidate all positions or only a percentage of your long-term portfolio? Just for the record, my gut instinct in April/May (before I encountered this thread) told me that the smart move was to hold stocks through any correction rather than trade and incur 40% short-term tax rates; needless to say, I lost big time.