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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Brian Pastor who wrote (8378)	11/1/1997 1:57:00 PM
From: S.C. Barnard	Respond to of 97611

Brian: Thank you for that very informative post. I have to say it reminded me of what my sister told me my grandfather did, which was to go to a large financial institution, somewhere in New York City, and ask what the wealthy people were investing in, and he apparently got answers he could use for himself. One thing I've noticed of these was his buying of AT+T during the 1940's and '50s, for the long hold. I type this from the house he left my wife and I in his will. That is good to hear another source of CPQ being a strong component to wealthy investors portfolios, because that's how I want to continue with some of my own investments-the way he did it. Scott

To: Brian Pastor who wrote (8378)	11/1/1997 3:08:00 PM
From: John Koligman	Respond to of 97611

Brian Pastor - If you would be so kind, would it be okay to EMAIL you? I'm looking for competent tax help in my area, maybe you could point me to sources that might help me make a selection. Thank you, John

To: Brian Pastor who wrote (8378)	11/1/1997 4:08:00 PM
From: Wayne Lian	Read Replies (1) \| Respond to of 97611

Brian, Thanks for the info regarding tax selling of CPQ. I have a question regarding selling agaist the box. If you hold 100 CPQ at a cost of $20 a share, sell 100 short now at $60, but close the position in Jan 98 by buying another 100 at $65, and continue to keep the original 100 as long term for ever, what will be the tax? I mean will the tax be calculated only from the short sale, which is a capital loss? Or will the long position also be involved? Thanks in advance for your information Wayne

To: Brian Pastor who wrote (8378)	11/2/1997 10:32:00 PM
From: Weekapaug	Respond to of 97611

Brian, I donot totally agree with your post stating "your clients would never sell there shares". Why wouldn't they. Where is the rationale to hold forever? Especially with todays 20 % capital gains tax. Its cheaper then income taxes, so why hold? If your saying they are trying to move it to heirs, that I agree with. Make me one would you! If your saying they expect continued appreciation in value, by all means hold. But just because you own for cheap is not enough reason not to sell IMO? Lastly, I'm not trying to anger you, but don't you think by the time you were to findout they had sold the race would be over IMO? I do hope your right about CPQ being higher this week. Ken