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

To: Ed Pittman who wrote (6504)	6/3/1998 10:38:00 PM
From: Bernie Diamond	Read Replies (1) \| Respond to of 10227

Ed, Holding the line. <g>. BTW, in your previous post you mentioned <<...Then you have to think about tax loss selling.>> In general I don't believe in selling a stock because of tax consequences. Either its worth holding or not. In other words, I wouldn't sell N at a loss (if that came to pass) to offset a gain in another taxable stock. Because of the "wash sale" rule I couldn't buy it back for 30 days and use the tax write-off advantage, and as luck would have it, the stock takes off during those 30 days. Also, in N's case, there's no comparable stock, IMO, that I could own while waiting for the 30 days to pass so that I could buy it back. Now, suppose N goes to 50 (could happen - thinking positive) this December and I feel its fully valued for the forseeable future. I would sell and not say, "If I keep it 18 months, I'll only be taxed at 20% of my capital gain, so I'll hold it until then." That too IMO would be a mistake. What's your take? Bernie, super accountant Al. I know that you don't need a joker like me to ruin your business, especially with our stocks behaving badly.