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Biotech / Medical : Biotech - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (41)	4/3/2001 8:24:22 AM
From: Robert Rose	Read Replies (1) \| Respond to of 544

OT Bernard: I traded short term in 1999, and like many of us, made a tremendous amount of money. It put me easily in the 39% tax bracket, which combined with 10% CA income tax, placed my total income tax burden close to 50%. I decided that the risks I was taking did not justify the tremendous tax burden resulting. (Of course your whole point is to reduce those downside risks in the first place. :) ) At that point, I decided to try my hand at LT investing in new econ stocks. LOL However, in 2000, i did make two good decisions: a cash purchase of a second home in 01/00 and taking 50% of my money off the table in 5/00 for cash equivalent investments. Unfortunately, that still left me with an enormous exposure to this ravaging bear market. The problem is that our tax system is structured in a way that is out of synch with the volatile stock market (and even more so with hyper-volatile new econ sectors like biotech). At any rate, it sounds like you are weathering this horrible market better than i. Continued good luck. Rob