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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (22233)	7/24/1998 11:34:00 AM
From: Oeconomicus	Read Replies (3) \| Respond to of 94695

Bill, speaking of "could haves", all those who "do have" as a result of buying the internuts on their breakouts early July last year can now get the lowest cap gains rate without waiting 18 months. As I understand it, the tax bill Slick signed yesterday (or was it the day before?) shortens the holding period for the 20% tax rate to 12 months from 18. In fact, that also applies to those who "bought the dip" in the tech leaders in March '97. Look at YHOO (dip in Spring, breakout July 1), AMZN (IPO in May, uptrend starts July) and CSCO (major dip and very heavy volume Feb-April, broke previous high early July). Sometimes tax related behavior is very predictable, sometimes not, but the biggest gains in many of the market leaders and in some of the most overvalued stocks (the internuts in particular) are from runs that began 12-16 months ago. Thoughts anyone? Bob