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Microcap & Penny Stocks : VLVT (was CSMA)

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To: Russell Gish who wrote (259)11/11/1997 12:14:00 PM
From: Dick Jaffe  Read Replies (1) of 11708
 
To all on this thread planning selling price targets, pay attention to the new capital gains rules. If you hold this stock for 18 months, you only have to give Uncle 20% of your profits (which will comprise most of your selling price if it's into double digits). Otherwise, you could get nicked for anywhere from 28 to 39%+. As one of our former presidents was wont to say, "It would be prudent to wait!"

Dick
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