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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (10074)	3/29/2001 8:05:09 PM
From: TimF	Respond to of 82486

I still have a small position in JDSU which I have held "almost all the way down", but its so small, esp. now :-( , that I don't plan on selling it. Actually its so small that I probably shouldn't have bought it the comission on the second trade becomes a factor because it is such a small position. Atleast the 40% quick profit on the earlier larger trade means JDSU has made me money overall. Tim

To: 2MAR$ who wrote (10074)	3/29/2001 8:32:04 PM
From: Patricia Trinchero	Respond to of 82486

Many people bought options last year and elected to hold them for a year in order to avoid a large tax payment. The tax is halved if you wait a year to sell the options. Unfortunately, if all of their stock was sold at this date, they would still not have enough to pay the tax they owe on the amount they were awarded last year. There was an article in the San Jose Mercury News about a woman who owed around 325,000 in taxes because the stock price of her company was valued high when she exercised her options. Many dot.com employees are in the same situation.Some are expecting a glut of selling toward the end of the tax season because many employees will be forced to sell off all their stock in order to pay their tax debt.