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To: Arthur Tang who wrote (633)	10/26/1997 11:30:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1471

Why during tax loss selling season, we must reexamine our financial planning? Wall street investment in the long term has been rewarding based on solid companies' earnings and projection of their business and their time to come. But the technical aspect of the stockmarket and tax changes make tax loss selling seasons a challange, this year. New law on tax saving may prompt more trades. Short term traders would love to be able to trade and lock in profits, then take back their previous positions. If stocks pull back 30% then 70%, it may fit their schedule perfectly, thus creating more volatility. So, what should individual investor do? Remember cash is king. Reexmine one's financial planning. At the end of the tax year, pick up some value, if you have cash to invest. Sell some on momentum, then buy back? You still might be wasting too much money on the new tax level.