I "glossed over" the year end plays used by many of our more affluent traders in a recent post, but I thought some of you may want to know more about them. What we do is simply screen for stocks that are down in the lowest ranges for the year, many under $5.00 this year....and check for their fundementals, find the candidates that show a decent P/E and/or Book Value. We allocate a certain amound of capital to their purchase. I have only taken positions in around 30 stocks so far this year, and keep track of my entry points and net costs as I add to the positions. The intention is put up around $250,000 or so in long positions and try to make around $15,000 - $25,000 or so in approximately 30 days. This has worked pretty consistently over the years, and we hope to see some profit this year. My brother, although participating at a higher level, is concerned about the fact that the market has shown a sharp rebound since September, and therefore there may not be as much "tax selling". This takes several hours of homework, but has paid off consistently...and I have my friends who were Specialists to thank for this simple strategy. They have been doing this for decades, with a great deal of success. This of course has nothing to do with actual trading, but heck, making money is what it's all about, right? Happy Holidays to everyone!!!