Fatty's Donut Shop Message Board

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Strategies & Market Trends : Fatty's Donut Shop

KKD 21.00

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Aug 4 5:00 PM EST

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To: Mr Metals who wrote (2645)	7/28/1999 10:15:00 PM
From: Lynn Goodman	Read Replies (2) of 5041

To the Thread, Interested in Your Thoughts: I sat down today and figured out how much $ I had made since I started trading in March, whether it came from large or small caps and whether it was true that it was stupid to trade this way anyway because of the difference between short and long term capital gains rates. I haven't decided the answer yet, but given the commissions and the tax difference, my guess is that it is probably better to hold for a year. Unless of course you get a 3+ bagger, which I have had but wasn't smart enough to sell. I completely agree with the Buffet theory of buying and selling against the trend. My only difficulty is that with dog days and Y2K coming, I don't know how to intelligently guess what the bottom is. Is it now? Is it after Greenspan's next pronouncement? Is it in December, right before we know if Y2K is really a killer? If I am a real gambler, I think I'll wait until then and buy all of the tech stocks that people will be dumping. Regards, Lynn

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