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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (45476)	12/29/2000 3:00:23 PM
From: bambs	Read Replies (2) \| Respond to of 77398

The people that I talk to have been in this market for years. They have scaled out of some of their long time holdings in MSFT, CSC, NT, LU, DELL, INTC etc. They have made huge gains this year. Because of tax concerns, many of them avoided sell as much of these stocks as they would have liked. I think you will find that long time holders of big cap tech and insiders have realized massive gains this year. There is some selling of losing positions for the right off but you better beleive that many people out there have huge tax bills this year and are waiting until Jan 1 to sell more. I'm not talking about the little guy. I mean big money with boat loads of shares...insiders, ceo's, directors, even funds... bambs p.s. the boys with average prices of $5 in stocks like csco still have some selling to do.

To: RetiredNow who wrote (45476)	12/29/2000 3:17:51 PM
From: M. Charles Swope	Respond to of 77398

MM, Actually, quite a few people are selling positions in which they have large capital gains and offsetting those gains by selling other positions in which they have losses. Despite the drop in CSCO this year, there are plenty of people who bought at very low prices in years past and are using this opportunity to take out those gains without paying taxes. In short, there has been a lot of tax motivated selling by individuals going on for the past few weeks.