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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Walter High who wrote (12167)	4/7/1999 10:37:00 AM
From: Copeland	Respond to of 43080

Unfortunately, a lot of larger investors tend to liquidate positions (give 'em a "haircut") near tax time in order to pay off their taxes. They generally like to wait 'till the last minute in order to maximize their gains on their long-term winners. It's no fun selling off some of your AOL when its on a run, for instance. The small-time investor is another story. Historically, we correct in April, bounce in May and then march on to new highs into July. Then we sell off again.