Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: longdong_63 who wrote (23489)	12/15/2002 2:27:49 AM
From: ItsAllCyclical	Read Replies (1) of 36161

>> It's obvious what's going to happen shortly << Don't disagree, but 50% tax bracket w/ 2 weeks left in the year...I think I'll hold. Big owner of KGC here. Don't anticipate much lower than 1.90 on any pullback. Not worth it for me to try to sell the entire position to work in 15% cheaper. It's not just the taxes I have to pay this year, but the 90%, 118% rule for estimated taxes for next year. In this market can't fault anyone for taking profits though. In general I don't worry about taxes, but this close in the year it is a consideration.

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