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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (28812)	11/5/2007 12:00:45 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78696

I've been selling more stocks for the tax losses in Oct. and recently. My intent is to put myself in a position where I can buy back shares if I so desire in this year, while still not running afoul of the 30-day wash-sale rule for USA tax filers. (I just prefer to sell and then buy back 31 days later, rather than double up now and sell loser portion 31 days later. No reason. Just my preference.) -------------------------------------------- That Citigroup is apparently writing off billions more in debt is a sign that the worst may not even be reached yet for any of the companies involved. Looks bad, real bad. I'll call it an opportunity though to begin lagging into select financial stocks. After all, there's nobody I see who is buying or admitting to buying or advocating buying or suggesting buying any financials or anything related to mortgage loans at current prices of the stocks. (Well, maybe pcyhuang or Marty Whitman) That's too extreme - too one-sided - or so I am willing to bet anyway. I have a few stocks in this sector, and I believe I can now increase commitment to small positions already established, and/or I can begin to reenter others for small amounts. Tomorrow I'm a buyer of a couple banks, mortgage insurers. (WM,CFC others - not C)