Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : INTA - Intasys Corp.- Dynamic Growth -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (363)	8/23/2000 5:02:05 PM
From: Harold Suckenik	Read Replies (3) \| Respond to of 378

Yes. But, I could also pay taxes and commissions. It would be nice, and make the markets much more efficient, my opinion, if the capital gains tax were eliminated. But, it is still with us. So selling a 8, means a tax of 25%, or 2 dollars a share. Hardly insignificant. So, selling at 8, and buying back in at say 4, means that the stock, INTA in this case, would have to move to 6 to get back the tax. Also, you must pay the tax, so your stake is reduced by 25%. Also, not an insignificant amount. I have in the past, found a nice 25 to 40% gain became nothing better than a CD return after taxes. Far better to buy at 4 and sell at 40 -- even if it takes several years. My experience. Also getting in and out means occasionally, often?, missing crucial buy and sell points -- this can also destroy a brilliant stock selection -- which is where the real big money is to be made. My advice: pick the stock, buy at your price, sell at your price. Nothing else works as well. KISS -- keep it simple stupid.