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Microcap & Penny Stocks : VLVT (was CSMA)
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To: Dick Jaffe who wrote (265)11/12/1997 3:22:00 PM
From: Ellen  Read Replies (1) of 11708
 
If you hold this stock for 18 months, you only have to give Uncle 20% of your profits (which will comprise most of your selling price if it's into double digits). Otherwise, you could get nicked for anywhere from 28 to 39%+.

Please correct me if I'm wrong, but according to what I read in "Money" magazine on the new tax law, it's only 15% tax for a long term capital gain (hold 18 months or longer) and the max on short term is 28%.
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