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Strategies & Market Trends : Lizard King's Trading Swamp
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To: Steve Smith who wrote (3953)1/20/1998 6:11:00 PM
From: Jay Tice  Read Replies (2) of 7396
 
Steve, I am a RADAF holder and I occasionally post to that thread. NEVER did I " think for sure that the stock would take off to $30 after the big earnings blowout report ". My belief was that the price would break $20 and then pull back after report as it had in the past. I felt that the fundamentals would keep it above $17 but I was wrong . Fortunately I did not get a margin call so I didn't have to sell any shares. Why don't I want to sell any shares? Is it because I am " in love " with the stock? NO! I do, however, love the fundamentals of this company and that is why it is in my LONG portfolio. These are the stocks that I hold until the fundamentals take a negative turn. I also trade stocks and options short term based on TA, but with RADAF I feel that I can sit back and get a large return, defer my capital gains, and greatly reduce my taxes by staying out of the top bracket. When you approach a certain level of gains tax planning becomes critical and it may be prudent to sell later even if the price drops. If you see something wrong with this strategy then please, let me know. But please don't be posting what everyone " thinks " untill you have proven that you can read everyones mind.

Thanks, Jay
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