Rat dog micro-cap picks... Message Board

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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Bucky Katt who wrote (5450)	8/8/2001 3:16:49 PM
From: Joe Smith	of 48461

I have never felt sympathy for these people, even though I know a few. When you exercise an option and do not sell the stock, you are essentially buying the stock with your profits. To me complaining about being taxed for this is exactly the same as complaining about being taxed for taking profits on a stock, ploughing that money into new stock that loses money and then not having the brains to sell the losing investment in the same year. You are going to owe tax on the sale where you realized a gain whether you lost all the profits on your next investment or not. These people took profits on their options that were taxable. They then took that money, did not set any of it aside for the taxes that they were going to owe and then ploughed it back into the market where they lost their shirts. They still owe tax on the profits. There is nothing odd about it all IMO. It is not an ambush. They were greedy and they are paying the price. Even more annoying is that the reason they took this gamble was to only pay capital gains on their future profits if their stock had continued to climb. They made a gamble. They lost. They should pay their bills.

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