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To: golfaholic who wrote (6033)9/15/1998 11:48:00 AM
From: Ron Harvey  Read Replies (2) | Respond to of 7111
 
<< i don't need a crystal ball to tell you that offsetting gains has not begun. >>

I did tax-loss selling with three companies in the past two weeks and know investor friends who've done the same. I've shielded large profits in treasury bonds that I've just sold. Moreover, I expect to buy back two of the issues I sold in a couple of weeks. Tax-loss selling is a September through December phenomenon and entails a number of interesting ramifications. It's more sophisticated than a Here-comes-December-so let's-sell-the-losers activity.