Shane, RE: TSMC's equity offering, that's exactly what I meant some time ago when I asked, What if this is as good as it gets? I don't really think so, but I try to temper my expectations with at least the possibility that there may be something we're not seeing.
As for the tax thing, 'fraid I must agree with Dipy. Unless the tax rate is truly confiscatory it is irrelevant to buy/sell decisions. Who in retrospect would not have preferred to sell LSI in '95 at 65 instead of riding her down to 12 in '98? Taxes be damned! The problem is that a stock like LSI cannot be held long term so that heirs can assume a new basis, etc. I'm not sure there is any stock anymore that can really be held long term. Maybe GE, Coke, Mister Softee? Hard to say. I suppose this gets into the trader vs. investor debate, but considering the rapid rate of change in the world today, is it not safe to say that in the end we are all traders?
Regards, Beachbumm
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