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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: chaz who wrote (48235)	10/24/2001 1:40:11 AM
From: Mike Buckley	Respond to of 54805

Chaz, Did you ever run a senario in which you sold everything using gains to offset the excess beyond $3,000 in losses, I've never sold a position solely for tax-based reasons. If there exists a compelling combination of issues such as marginably questionable fundamentals and tax issues, I would use that combination of reasons to sell. If there is an opportunity to generate a tax loss when I'm confident the stock won't rise by an amount greater than the tax loss in the following 31 days, I would use that reason to sell the stock with the intent of buying it back after the IRS wash rules no longer apply. (Not being worth a damn at short-term predictions, I don't know that I'll ever feel confident enough about that to actually execute a sale.) or were you one of the lucky guys who didn't have more than $3,000 in losses? Ever heard of RAIN? :) I don't have access to the details and probably won't for at least a week, so I'll have to answer that as best I can. I'm pretty sure Sandisk was in a taxable account and I'm positive that I sold it at a loss far greater than $3,000, but I sold it because of fundamentals, not tax reasons. Other than that mishap, I don't think I've sold a Gorilla Gaming stock at a loss. I think I'm underwater with EMC and one of my Gemstar purchases, but I think both of those are in tax-deferred accounts. I've come to pretty much accept that when I buy a stock in a tax-deferred account, it goes down. And when I buy a stock in a taxable account, it goes up. :( --Mike Buckley