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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (28009)	8/19/1998 6:50:00 PM
From: A. Fineigler	Read Replies (1) \| Respond to of 95453

Too early to buy in for the first time, perhaps, but a pretty good time for long-term investors to sell major losers and buy the same dollar amount of other major losers with similar profiles. This yields 1998 tax benefits and you are not really taking a loss as you are still in the same market with the same tide lifting or dropping your holdings. You pay the taxes back eventually, but if you are in it for the long-haul you are paying with cheaper dollars in the future. And you may pay at a lower rate if the ones you sell today are short-term losses (28%) and the ones you buy are held 18 months or more (20% or 18% if held 5 years). For example, you might sell NE and buy the same dollar amount of DO (or vice versa), or sell SLB and buy HAL, etc. AF