Glenayre Technologies(GEMS)- a pure cellular PCS play? Message Board

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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?

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To: Linda Kaplan who wrote (1656)	7/27/1997 12:15:00 PM
From: van wang	of 3431

my post is a general point only not directed at Jeffrey....but if one's intention was to get back in about the only thing you locked in is higher capital gains tax...you still have risk if you do get back in now if you sold because u dont like GEMS...i, of course, like to hear the reason (maybe i missed something)...or if you sold to lock in profit with no short term intention of getting back in then i can understand that to---that is taking profit...if you sold a % of holdings because the position is getting large (and again, you dont get back in) then that makes sense from risk mgmt standpoint... but, to be clear,if you sold with intention of getting back in on a dip, then that is not taking profit that is short term trading...and if you do this, then you should be buying more shares then you originally sold (since price is lower) to compensate for higher taxes when the stock rises in the future...so my point is that by doing this, the primary beneficiary of this form of risk taking (missing out on the long term run) is the government...and if you get back in you have to wait abit longer...i am not saying you should trade according to taxes, but if the fundamentals are aligned with long term capital gains rate then let it run and buy extra on dips and sell the extra on peaks moreover, if you have large profit, then its easier to sit on it and let the fundamentals come to you...think of the people buying in now and if the mkt corrects abit...use capital gains to your advantage IF you have done your job on the fundamentals and mkt valuations BTW, i am long from 9 1/8 (largest of all my purchases)

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