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To: KeepItSimple who wrote (32018)12/31/1998 7:06:00 PM
From: tonyt  Respond to of 164684
 
>Hey Glenn, this article says people could sell on tuesday and put off taxes
>due to settlement date in '99.. Which is it?

That quote was from Michael Murphy who obviously doens't bother to research IRS regs before he opens his mouth. As has been posted by someone else here already: irs.ustreas.gov

Now that 'wrong way' Murphy is expecting a 'bloodbath' Monday, look for a rally ;-)

P.S., Murphy told his subscribers to stay away from NSCP and net stocks two years ago because 'they were too expensive' and advised them to put the money instead into RZYM, a loser of a biotech. Here's a chart:
exchange2000.com

Interesting point: NSCP up 66%, RZYM down 66%



To: KeepItSimple who wrote (32018)1/1/1999 11:28:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Hey Glenn, this article says people could sell on tuesday and put off taxes due to
settlement date in '99.. Which is it?


KIS,

The date of trade is what counts. I know that for sure. Any capital gains from a trade made in 1998 will have to be paid in 1999.

Glenn