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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (3706)12/8/1998 7:06:00 AM
From: John Carragher  Respond to of 6021
 
I for one wouldn't follow a tax consultant advice about stocks. I also wouldn't be selling in Jan when money from ira's will be coming in. imo. John



To: KeepItSimple who wrote (3706)12/8/1998 8:36:00 AM
From: Charlie Smith  Read Replies (1) | Respond to of 6021
 
KIS:

Do you know what's going to happen on the first trading day of the new year as everyone follows their tax consultant's advice ALL AT ONCE?

Historically the selling by taxable investors in January has been more than offset by "new money" from corporate plans and IRAs entering the market.

Charlie



To: KeepItSimple who wrote (3706)12/8/1998 3:19:00 PM
From: Joanna Tsang  Read Replies (1) | Respond to of 6021
 
Sheesh! I go through a power outage today in SF and everyone posts their messages!!!

For "KIS": First of all, I would not trust ANYONE'S estimates unless I can get someone to justify the math...especially if I don't read how this was justified. There is a selected group of people whose judgement I trust. They know who they are!!!

Secondly, yes I am aware of what's going to happen on that day!!! And I don't have to sell it right on the first trading day after Jan 1 1999! And even if I do, this stock would have gone up so high that I could afford furniture with my down payment on a home. AND...with the house lending rates at around 6% for a 15-year fixed conventional loan, you think I'm going to wait around to get my loan pre-approved, only to watch the interest rates shoot back up again? <VBG>

NETA is a great stock to own, but not as valuable (to me) as a HOME!!! :-)

For AlienTech: No, *I* am the last to know...no one tells me anything until hours after it happens!!! :-)

Cheers,
Joanna