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Technology Stocks : Applix is back in action
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To: Kashish King who wrote (1968)12/1/1997 8:17:00 PM
From: Stephen M. DeMoss  Read Replies (2) of 3014
 
Rod, The way the tax code works, I can deduct 3,000 in losses per year. Thus I can carry this loss (offset by any gains) for the next 12 years. It would be 'nice' if I could write off everything this year, but I can only do 3,000 per year. I learned forever lessons from this. Something no text book can teach. God was kind to me and blessed my business so much that I actually have a very nice surplus for the year. But I am dead tired and emotionally scarred from what happened. Aplx was a penny short when I bought in. I had followed it for 2 years. For it to drop off the map like it did shocked me. 'How can something be worth 24/share, be a penny short and fall to 17?' Then at 17, drop to low teens? A bit shocking. But to then fall to 7-8 and then 3-4? Big lessons learned at a decent cost. I wish you all well. Steve D.
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