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To: Mark Oliver who wrote (1433)12/16/1999 2:54:00 PM
From: Z Analyzer  Read Replies (2) | Respond to of 1487
 
Mark, the same thought has crossed my mind. Problem is I think alot of tax selling is probably going on and you never know when these stocks decide to spike. If I sold, it would undoubtably be the low. But I'm not expecting a change in fundamentals.



To: Mark Oliver who wrote (1433)12/16/1999 6:16:00 PM
From: All Mtn Ski  Respond to of 1487
 
Something may have just happened:

Maxtor sees better than expected Q4
MILPITAS, Calif., Dec. 16 (Reuters) - Maxtor Corp. said on Thursday it expects to lose less money in the fourth quarter than had been expected because of strong demand for its hard disk drives.

Maxtor, based in Milpitas, Calif., said it expects to report a net loss per share of 18 cents or less, compared to the Wall Street consensus estimate of a net loss of 45 cents per share for the fourth quarter.

Unit shipments and revenue will also be up significantly from the 5.9 million units and $589 million in sales it reported for the third fiscal quarter, the company said in a statement.

In addition to strong demand, Maxtor said it was benefiting from the price increases it initiated earlier in the quarter.

biz.yahoo.com



To: Mark Oliver who wrote (1433)12/17/1999 1:54:00 AM
From: Hectorite  Respond to of 1487
 
Mark,

I've been looking and looking trying to find out what is wrong with this tax strategy: sell your stock and sell in the money puts on the same day, say, Feb 25s. Seems like the IRS would have this one figured out, but everything I read indicates wash sale rule does not apply.

H.