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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (4680)	12/9/1997 4:13:00 PM
From: Big Dog	Read Replies (3) \| Respond to of 95453

Re the discussion about taxes: How many of you are in the position where you have a paper loss on a stock -- one of your favorite drillers -- and have other capital gains in your account? You don't want to sell the favorite driller because you KNOW it will move higher in the next 30 days (you can't buy it back within 30 days and still claim the loss for tax purposes). I am in this position with a few stocks. So what I am doing is rotating. Selling my stocks that have a paper loss to lock in the loss for taxes to offset my other realized gains for 1997. I then use the proceeds to buy new stocks (oil sector -- MIND to be exact since it is down again today and I KNOW it is ready to fly) with the idea of not selling at least until 1998. Doing this gives me the advantage of offseting my gains with my unrealized losses yet still participating in any upcoming rally. I am really loading up on MIND. I love this company almost as much as FGII. When the secondary offering is done....watch out. Remember you read it here first. FYI -- I had to sell CKH today to establish that loss and buy more MIND. I like CKH too, but I feel MIND will move up faster. Someone asked the question of comparing SEI to MIND -- they aren't in the same business. SEI shoots seismic. MIND just leases/sells the equipment. SEI would be a customer of MIND. Not a fun day today (other than getting the chance to scoop up some MIND at a nice price)...may be time for some pie.