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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: rudedog who wrote (38876)	12/10/2000 8:27:13 PM
From: JC Jaros	Respond to of 64865

Good luck to you, whatever you invest in... Thanks, rudedog. Because I 'invest' though, I don't need all that much luck. <g> You know, if I could take a moment to go back and attack my friend Yaacov, I'd just like to say that his 'investors taking profits' investment thesis is rooted in two things that are quite specific to Yaacov. One is that he's nearly 100 years old, doesn't have time to wait, and needs to trade existentially to prove to himself that he didn't die in his sleep the night before. That, and to keep his wife out of his hair about not doing anything productive in retirement besides making the killer grappa. The second thing (the major thing) is Yaacov, being from out of town, has worked it out with his king that, unlike you or I, doesn't pay any taxes on his market gains. None. If you or I sold SUNW at $120 with the under $10 cost basis, it's almost all taxable gain (potentially taxable income) and we'd need to be extremely fortunate to time out and back into SUNW just to do little more than reset the cost basis. Yaacov, can sell SUNW at $120, buy it back at $118, buy Mrs Yaacov a new pair of Ferragamos with the procedes and look like a genius. There's no April 15th for Yaacov, even *if he lives that long. (sorry, Yaacov <g>) -JCJ