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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Ku who wrote (4777)	12/24/1997 7:50:00 AM
From: Chuck. Edwards	Read Replies (1) \| Respond to of 19080

With regard to tax loss selling: As far as I understand it, it is the date of the trade that matters, not the date of settlement. If I sold a stock on December 31, I would expect to book the gain or loss in 1997. At least, when I fill out my taxes, they ask for the trade date, not the settlement date. I agree that Tuesday was probably the peak for tax loss selling, but mainly because the big traders are going on vacation for the week after Christmas, and they are probably getting their portfolios cleaned up in advance. I would expect next week's action to be somnolent, unless Korea defaults. Merry Christmas Chuck Edwards