Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.840

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12:46 PM EST

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To: Dale Baker who wrote (7494)	9/6/2000 10:27:12 PM
From: Michael	Read Replies (1) of 10293

I have covered all my shorts this year (ALTI, ZITL) Have not sold my winners for over a year now. So I am down from my all time record highs. But I have no problem showing a profit on my tax return for 2000. I am truly afraid of trading to often. Have accumulated more than a lifetime's worth of unrealized capital gains. So rather than take a big tax hit by selling , I prefer to enjoy life, hold 85% of my portfolio intact and slowing capture my capital gains every year. So my only real big loser this year is QCOM but since I'm in at some $20+, I refuse to accept the terminology that Qualcomm is a loser for me when I am up some 200% in a year. I believe trading to often is bad, so long term buy and hold is the best method for me, in so many ways. Hope I did not bore any thread readers with my little personal confession. All the best Michael

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