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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?

To: bob zagorin who wrote (1653)	12/19/1997 7:33:00 AM
From: JAMES P. McVEIGH	Read Replies (1) \| Respond to of 5650

I am adjusting my PSIX position for tax loss reasons only. The year has been so strong in most stocks, that most investors are in need of looking at their tax liabilities and ways to cut Uncle Sam's bite. Consequently, although I have great hope for PSIX in the future, using a capital loss to offset some gains is purely a tax strategy, not an investment one. I have unloaded half of my position in PSIX, and it is likely that countless other folks have unloaded PSIX for the same reason. The price will rise in January after all of the tax selling ends in December. Hopefully, 1998 will be a year that brings us a capital gain in PSIX! In the meantime, unless you can use the loss for tax savings, hang in there.