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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: paul e thomas who wrote (8593)12/30/1997 9:35:00 PM
From: paul e thomas  Read Replies (1) of 13949
 
WOKE UP IN TIME

It suddenly hit me like a ton of bricks I could face a very big capital gain next year at a much higher tax rate than this year if I didn't take a big gain on IMRS today or tomorrow.I therefore bit the bullet and made the largest single transaction I had ever made . I sold 200,000$ worth of IMRS @ 36 3/16 for a 48,000$ gain made in an average of 82 days for a 140% annualized gain. I am not sure what I will do with proceeds. I rushed out to get TAX guide to verify my gain puts me at upper limit of bracket I want to stay in.I already have paper gains going into 1998 of 34% on rest of portfolio.
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