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To: High-Tech East who wrote (38317)11/28/2000 9:31:11 AM
From: High-Tech East  Read Replies (1) | Respond to of 64865
 
re the 'commercials' - I can not add much more about the commercials (others have added quite a bit here).

I can tell you one important thing. As some of you know, I am studying futures; the teacher is a famous and immensely successful trader, author and teacher named Larry Williams. His company is British American (britishamerican.com) in San Diego. I think very highly of Larry (as opposed to Abby Joseph Cohen, Larry Kudlow and Joe Battapaglia, who could not tell you their true beliefs and thoughts if they wanted to)

The first and most important principal taught by Williams is, "Pay close attention to the commercials, they are rarely wrong."

I, for one, pay very close attention.

Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions.

Ken Wilson



To: High-Tech East who wrote (38317)11/28/2000 9:54:55 AM
From: cfimx  Respond to of 64865
 
hte, haven't u ever heard of tax loss selling before?



To: High-Tech East who wrote (38317)11/28/2000 10:36:10 AM
From: chic_hearne  Respond to of 64865
 
Ken,

One thing I'm interested in knowing is the potential buyers strike at the end of the year I've heard others speculate about.

Long term capital gains are changing to 18% if your purchase is after Jan 1, 2001. So if you are a long term buy and holder, why not wait a month to take advantage of the lower tax rate?

Combine this with tax loss selling and it could be a deadly situation at the end of December.

chic



To: High-Tech East who wrote (38317)11/28/2000 6:45:07 PM
From: Victor Lazlo  Respond to of 64865
 
Every year at this time people raise this issue, but it's highly unlikley imo. Individuals are already selling to save their shirts, never mind tax losses. With the nasdaq down 46% from it's high earlier this year, I would hazard to guess that not a lot of investors have massive gains they need to offset.

BTW look at Now/Dec of last yr - Whoa Nellie !!
Victor