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Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?

To: Phillip Crone who wrote (1802)	10/26/1997 6:32:00 PM
From: Bill Martin	Read Replies (2) \| Respond to of 2574

Re: For the record, I think that we will see one of the worst January's in the market in quite sometime. I know alot of people who will be unloading at the beginning of the year to take advantage of 20% capital gains and to offset payments until April of 1999. I've missed the logic somehow. If I owe a bunch of taxes on 1997 income, why would I be dumping stock to raise money in January? Why wouldn't I wait to the last minute in April to do that? Why would this produce a bad market in January? Am I overlooking some change to the tax code that you're referring to? Or better yet some attactive tax management trick? Thanks. Bill