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Technology Stocks : Loral Space & Communications
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To: K.J.Devine who wrote (1179)10/9/1997 10:04:00 PM
From: q_thunder   of 10852
 
TO ALL:

I know next to nothing about stocks trading and the business relates and hope that that someone can give me some advices. Last two years or so, against all advice about not to put all your eggs in one basket and the need to diversify, I've sunk all my savings and everything I got into Loral, about 15,000 shares at average price of $13 (I apologize if anyone thinks that I'm boasting.. I just intend to show the extent of the problem that I'm facing) and now the stock almost doubles in price. I plan to get out of LORAL when it reaches $35, probably next year (nothing magic about $35, it's just that I think I make a good profit at that point and should move on). But I don't want to sell them all at once at a certain time becasue of the tax implication; Therefore, the only alternative is to sell gradually over the years but then I have to keep it... in short is there anyway so that I can hedge against any future upward and downward movements of a stock?
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