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To: pater tenebrarum who wrote (45472)	12/8/2000 12:27:32 PM
From: IceShark	Read Replies (3) \| Respond to of 436258

Maybe you don't understand how US tax law works. If you have realized gains you can offset them dollar for dollar with realized losses to reduce the net gain subject to taxation. This is what is typically referred to as tax selling. At least in my mind. If you have no realized gains, which many people may not, or you want to not only offset realized gains and take a write off against other income, you are limited to taking a net capital loss of $3,000 per year, i.e. you can't sell off 100,000 in losses and write the whole thing off. So that shouldn't have a big effect due to the small allowed net writeoff. As I look around SI, I don't see many smart bulls that bailed out of big winning positions and have to worry about dumping losers to offset the gain. So you can see that it is tough to predict what is going on without actually observing what is going on.