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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Craig Freeman who wrote (19290)	2/24/2001 4:23:46 PM
From: Starlight	Read Replies (1) \| Respond to of 60323

Craig - Re: Higher cap gains last year: I know a number of people who sold stocks at their highs a year ago and took SOME losses at the end of the year, but not enough to balance out the gains. Now they'll be paying taxes on market profits that have "disappeared" if those profits were reinvested. (I'm president of a local investor's group, so I do talk to people about these things.) Yes - most people got killed in the market. They took gains, plowed those gains back into more stock, and now they're sitting on losses. I didn't mean to imply that most people in the market are "fat cats" from selling at the high and staying in cash. If only we had all known to do that. Also, I know people who are averse to selling for a loss - even for tax reasons. They fear the market will turn around as soon as they sell, and they'll be sorry to have lost stocks at their lows. Hence - they might have cap gains for the year -- and they'll owe taxes. Betty