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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 215.11+0.1%Dec 24 12:59 PM EST

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To: Petz who wrote (2700)7/28/2000 2:29:58 PM
From: RDMRead Replies (1) of 275872
 
<We hate to admit it, but Elmer with his consistent put selling is probably ahead of most of us for the year.>

One of the disadvantages of rolling putts over frequently is that all of the income tax is short term unless you do it in you IRA. I believe Elmer uses his IRA. For non IRA funds the effect difference in tax rate can be major.

Day trading also has this tax problem if you are successful.

I added 15% more stock to my AMD holding this morning. I think we have seen the worst of this slide. Scrumbia was very close with his call of the bottom at 70 1/2.
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