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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Alidotr who wrote (2029)	11/21/2000 11:52:48 AM
From: Peach	Respond to of 2850

LOL!

To: Alidotr who wrote (2029)	11/21/2000 11:57:10 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 2850

Hi Bottlerocket: Hey thats a good name. We'll there are plenty with 3k losses I'm sure. But lets step back for a minute and assume the majority of investors are more the mom and pop variety i.e. J6P. These are not the people we meet on SI. In many instances they will have sold positions that while down 20% for the year are still a 30+% long term capital gain. You can bet they will be looking to shelter any gains with losses to avoid the taxes. Now the individual investor is smaller than the fund managers (who already sold) but LU is one of those stocks very widely held by the small investor. So I could see this one coming under pressure in late Nov. & Dec. (add T to the list). Also remember I've been know to be wrong and this year much more often than right but I'd expect some additional selling pressure. If we are not heading into a recession (odds favor one with the purchasing managers index and inverted yield curve signals) it would be a good time to buy. clueless Tim

To: Alidotr who wrote (2029)	11/21/2000 2:09:58 PM
From: John Pitera	Read Replies (2) \| Respond to of 2850

the $3000 is the limit for what you can deduct against other ordinary income, but if you have other gains such as those from owning MSFT for 15 years like the woman on cnbc yesterday afternoon, it might be an attractive time to offset real bloodbath losses with other longterm bigtime gains. This enables one to have the flexibility to sell MSFT in the future but you can re-adjust upward your cost basis of ownership to the current price level of 68.50 or so. The basis on someone who has held MSFT for 15 years is probably around 3$ or so -g- Now if you have just short term losses versus long term profits, that needs to be looked at and also, lets say one only has losses or net loses, they can be carried forward for several years (at least 3) and you can offset future investment gains. I'm not an accountant, and so I may have elements of this wrong. but I'll at least put this forward to generate some tax planning ideas, before the end of the year. I'll email this over to the accountant, and see if he has some thoughts.