Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.847

-1.2%

Nov 14 9:30 AM EST

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To: Dale Baker who wrote (2265)	7/16/1999 2:12:00 PM
From: Michael	Read Replies (1) of 10293

My friend Dale: Your right on about ZITL. Many penny stocks hang on for years. Only holding my short position on ZITL for tax reasons. Next year, my partnership income will drop from $50K now to $0. All short gains are fully taxable, plus California is another 10% state tax. I would pay 50% of profits in taxes cause in high income tax bracket in 1999. Next year I will at a lower tax bracket and then take the ZITL gain. ZITL likely to be 1-2 all year, GO QCOM check out chart of might Q. exchange2000.com sure is a nice day Michael

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