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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Hank Stamper who wrote (60225)10/9/2000 4:04:31 PM
From: KymarFye  Read Replies (1) | Respond to of 99985
 
Admittedly, Nas stocks generally would seem more vulnerable to tax-loss pressure than in previous years, but the degree of pressure, or potential counterpressure, will of course have a lot to do with where the particular stocks are by then. Long-term holders especially may STILL be sitting on relatively large gains, and hoping for further recovery, even if the Nas doesn't hit Batman's new year-end target.



To: Hank Stamper who wrote (60225)10/9/2000 6:54:13 PM
From: David Howe  Read Replies (1) | Respond to of 99985
 
<< Any year end rally will have to fight through tax-loss selling. First by the 'day-trading' funds (oct 31) and then by individuals (dec 31). >>

This is the case every year and it hasn't stopped the market from doing exceedingly well the fall of '97, '98 and '99. I'm not saying that the next few months will automatically be good for the market, just that the tax selling is a factor every year.

Dave


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