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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SMALL FRY who wrote (29122)	3/24/1999 5:44:00 AM
From: briskit	Read Replies (2) \| Respond to of 120523

Small Fry, I think of taxes as a temporarily deferred loss. I'd like some input from a trader's perspective about my thinking. If I have tripled the value of a position that seems to be strong (AOL, VISX) it seems to me there are two reasons to sell. Another stock is going to outperform my stock moving forward, and I can find it and play it successfully. (If I do not sell a stock at any given price I consider myself to be buying it at that price.) Or, in the present possibility, the stock may downdraft in a depressed market more than the 28% I lose if I sell now, which means I can buy it back cheaper later if I still like it. The quandry I have now is that until two weeks ago I have been a longer-term holder, momentum investing with the bulls, and will take a tax hit upon selling. It feels to me like I am straddling two approaches. Do you keep long holds through these market conditions or get out of most everything fast, as some seem to do? Thanks for the discussion.