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To: Caxton Rhodes who wrote (35371)	11/11/2000 9:33:47 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 42787

Caxton; Look at 1997 ..to early 1998.

To: Caxton Rhodes who wrote (35371)	11/11/2000 11:06:28 AM
From: rocklobster	Respond to of 42787

My thoughts on tax selling are that it is usually done to offset gains, as far as individual investors are concerned.. big money tax selling is in mutual funds.. and we all saw the effect of that during september october.. But as far as the individual investor goes,, we are only allowed to write off a small portion of our losses and then only to offset gains...so the question becomes...Who has gains that they need to offset with losses.. In past years the gains by the end of the year from the beginning were significant so selling losers to offset losses made sense.. but this year is different..most individual investors are probably losers this year..so that mitigates the need for tax loss selling.... besides, most individual investors tend to hold on when they have a loss.. This is all my opinion. I think we may see an opposite sort of situation this year where individuals sell their big winners to try to offset the losses... I believe this is also what we saw in the last week in October when some of the markets winners finally took a nosedive... Mutual funds unloaded networkers, oil stocks, etc. to try to offset losses by selling their few winners... Just my thoughts... FWIW rok