SDLI - JDSU transition Message Board

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Technology Stocks : SDLI - JDSU transition

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To: pat mudge who wrote (719)	3/13/2001 2:01:40 PM
From: Sawtooth	Read Replies (2) of 3294

<<Too many people did not pay taxes on their market gains last year, thinking it would be better to reinvest and pay the penalty. Not a bad idea, until reality bites. IMO, a lot (not all) of what is happening now is tax cover selling. That won't be the case going forward. Who had gains in 2000?>> A lot of people had big gains in 2000, Pat. Not everyone rode their stocks down to the bottom (I'll claim a 50:50 on my holdings and wish I could make better use of my hindsight <ggg>). I don't think that a big chunk of the sales taking place right now are related to paying on 2000 gains where the taxes weren't reserved against but I do have a good friend who is a tax pro and he told me the same as OWN STOCKS posted; the number of people coming in who had big gains in 2000 and didn't set aside the taxes is many and a lot of them are now biting into their core to cover the tax bill. FWIW. ........VVVVVVVVVVVV

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