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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: ScotMcI who wrote (22521)	7/14/1999 3:18:00 PM
From: Rustam Tahir	Read Replies (2) \| Respond to of 25960

Create a spreadsheet which tallies everything up with every trade you make. When it comes tax time, filling in the lines is easy enough. And oh yes, now if we can close above thirty. rustam

To: ScotMcI who wrote (22521)	7/14/1999 3:23:00 PM
From: Zeev Hed	Respond to of 25960

Scot, the beauty of a SEP IRA you do not report each transaction. Apart of that, I am not really trading that much, I get out when the stock does not follow my "turnips"'s marching orders (like the last time we were just under $30, and I was forced to sell by the Turnips). Yoou see, if CYMI falls back under $26, or we get a huge volume day without much action, or around here a lousy gravestone Doji, I may sell, if so dictated by "said" turnips, but right now, I feel quite comfortable just raising my stop loss as the stock ascends. Zeev

To: ScotMcI who wrote (22521)	7/14/1999 4:04:00 PM
From: ScotMcI	Respond to of 25960

Looks like the close is 31 1/4. Up 3 for the day. And incidentally its intraday high.

To: ScotMcI who wrote (22521)	7/14/1999 5:12:00 PM
From: Ginko	Read Replies (3) \| Respond to of 25960

Scott - OT: A good personal finance program (i.e. Quicken, MS Money (which I use)) is terrific at calculating short term & long term gains on a click of the button - so long as you keep up with entering all trades.

To: ScotMcI who wrote (22521)	7/19/1999 12:18:00 PM
From: jbn3	Respond to of 25960

***** Off Topic -- re Tax Reporting *** Scot, your question may already have been fully answered, but I'm just catching up on the thread after being away. I've done it two ways, though I'm not a day trader. You can create a spreadsheet for your trades, or you can use a commercially available software program such as Quicken or Money (?), which allows you to specify lots. EITHER WAY YOU WILL HAVE TO ENTER EACH SPECIFIC TRANSACTION, either by hand (the way I do it), or by some sort of data transfer. At year end tax preparation, you merely enter the totals for short and long term capital gains or losses on your schedule D, and then attach a printout for each account and its transactions. NOTE: I am not an accountant, so check with your CPA to see if that would be satisfactory to her and the IRS.** I believe it gets a good bit more complex if you have carry-over short positions which must be marked to market. Suggest you might wish to ask your question on the Tax thread, where you can get definitive responses from professionals. Subject 17266 good luck (hope you have some nice gains to be taxed), jbn3