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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: kodiak_bull who wrote (40922)3/29/2005 10:59:58 AM
From: Tommaso  Read Replies (2) of 206323
 
Short term trading may be fun, especially if one has inherited money to do it with, but if successful it leads to huge tax bills plus complicated tax returns, not to speak of lots of commissions.

Maybe it might be best to wait to see how my BRY investment has worked out when I sell before deciding whether I am a fool or not.

I recently sold some APC LEAP calls at just about their peak price, which was a better than 100 precent gain. And since I had held them over a year the tax will only be 15 percent.

I may not be that lucky with BRY. Indeed, I only sold the calls because I have an enormous final payment due to the IRS, but I got very lucky with the timing.
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