All About Sun Microsystems Message Board

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Technology Stocks : All About Sun Microsystems

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To: charliex who wrote (14959)	3/27/1999 2:46:00 PM
From: Lynn	Read Replies (2) of 64865

For a long term investor this is terrible advice: >If you made money, should you dump Answer, probably, if you want to make some fat > profits and get back in at a cheaper price. A number of people on this thread, myself included, would have "some fat profits" if we cared to sell. But selling for a long termer to get back in at a cheaper price? Do you have any idea just how much lower the price of SUNW would have to go before long termers would be able to say, "Hey, that was great! Even after paying capital gains taxes, I was able to buy back more shares than I sold!" Selling shares then buying back the same number, after taxes, is a wash. In order for someone who _wants_ shares of SUNW in his/her portfolio, the person must be able to buy back more shares [after paying all Federal and State taxes] that he/she originally sold. Too much a gamble. I sure am glad you are not handling my portfolio! Lynn

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