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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: chaz who wrote (22891)	4/17/2000 12:32:00 AM
From: freeus	Read Replies (1) of 54805

Absolutely. Gemstar: I wouldn't have sold at 107, how could I know, but by my system (10-15% off its high) should have sold at 92-95. Would have gotten 184,ooo dollars.(2000 shares) Average buying price 45: profit $94000. Tax approx $33,000, leaves $61,000 profit plus my original $90,000. If I put right back into gmst at 40 could buy 3775 shares, almost twice as many shares after paying taxes. Next time I take profits. This was stupid, stupid, stupid. I buy IBD: I saw the naz charts, not to mention the gmst charts. The trend has been clear. Freeus If l.t. b&h means you just hold through any market environment, I am no longer a ltb&h investor. This taught me a most unpleasant lesson that I don't want to relearn anytime soon. (And actually that was just for examples: my gemstar is half in the IRA where there would have been no tax consequences.)

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