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To: Bill Harmond who wrote (58669)	5/26/1999 1:42:00 PM
From: Robert Rose	Respond to of 164684

<But I've passed the point of closing entire positions. > The fact that I love all my stocks on a long-term fundamental basis actually makes selling tough for me. I want to buy, buy, buy, but I just don't want to sell. As I said in my last post, that approach has negative consequences for one's margin exposure ;>. But as so many of my stocks have split recently, I can afford to trim them back a bit, while still maintaining a healthy position in them. < it makes no sense to sell with a 50% tax rate.> You mean it gets even worse than my 26% alternative minimum???