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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (5875)	6/16/1998 2:05:00 PM
From: geoffrey Wren	Respond to of 10921

Will there be tax loss selling at these levels? It is commonly said that there is tax loss selling in December for stocks that are down for the year, but right now I (and many others who were buying tech stocks in the last 3-6 months) have some stocks that are materially down. I am thinking of rotating some money just to recognize some losses. If others were doing this, it would tend to keep the market down, along with the fact that if the stocks were to start up, many would sell at their buy point or at a certain profit point (as they would not want to hold through another quick bust). But these are just minor currents in comparison to the downstream flood that we've got now. If I were much the trading type, I'd be a lot into cash right now, and even shorting here and there. Geoff Wren