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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.62+0.8%11:08 AM EST
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To: GVTucker who wrote (35425)5/11/2000 9:02:00 AM
From: Monty Lenard  Read Replies (1) of 77397
 
Hello GV.

"I have made a lot of money in this stock, consequently I will make a lot of money in the future with this stock."

And the other one that totally amazes me is the one about "If I sell it I will just have to pay taxes on it"

Lets say they bought CSCO when it first warned to got out.
And lets say they bought CSCO at 1/3 that price

$80 less $26 = $54 profit x 20% LTCG Rate = $10.80 in tax.
$80 less $10.80 = $69.20 in pocket.

Here is where they are today

$58.50 ... that is about $11 per share and it ain't over yet.

Lets say we get a 50% retracement (very likely). CSCO will be $40 or $29 per share after tax.

Now lets say their choke point is $40 and they sell there.
$40 - $26 = $14 x 20% = $2.80 or $37.20 in pocket.

But here is their rationale. "I saved $8 per share in taxes by not selling. GG

You would think they would do the math.

I just moved a small chunk to Yamner to let them manage it. I have my own trading accounts etc but I wanted them to just manage this. Anyway, my instructions were this "I don't care about LTCG vs STCG and I don't worry about paying taxes on profits. I have no problem with shorting as well as going long. All I want you to do is make money with this money".

Monty
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