Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: Johnny Canuck who wrote (24962)	1/29/2000 2:37:00 AM
From: Suresh	Read Replies (1) of 68330

Hi Harry, In CA..we pay dearly for short term gains. Maximum federal tax is 39.6% (above 283K) + 9% state tax. For long term capital gains it is 20%. So, if one believes in the company for atleast 12 months there is no real reason to sell it. I never considered tax for selling (investment) stocks but I am going to change this year if my entry is right. I will probably make use of options if available. Congratulations on your QCOM trade/investment. -Suresh

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