Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Casaubon who wrote (1057)	2/24/2001 5:01:45 PM
From: JRI	Read Replies (1) of 52237

"Forced sales" sorry C....used wrong term...let me rephrase.....there were a number of investors who cashed out of some pretty heavy gains by selling Sept.-Dec. 2000 (and maybe before)...these were folks who likely planned to hold long-term....perhaps years....to receive 20% and below cap gains rates.....with the plunge, these were essentially "forced" sales....a lot of these folks wanted to buy-and-hold....but decided its better to pay tax on a gain, then watch it turn into a loss.....many of these folks (since it occurred so late in year) did not make installment payments during year (since they had no idea they would be selling so soon)...even still, they paid 90% of previous year's liability, so they will be OK...but they have to pony up a fat bill in April (if not before) Is that more clear? I don't think this is an insignificant amount..

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