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To: Boplicity who wrote (12425)4/8/2001 8:01:44 PM
From: Boplicity  Respond to of 13572
 
Enron to Cut 20% of Workforce at Broadband Unit, Reuters Says


Houston, April 7 (Bloomberg) -- Enron Corp. will cut 250 jobs, or 20 percent of the workforce at its broadband telecommunications unit, Reuters reported yesterday, citing spokeswoman Kelly Kimberly.

Kimberly said Enron is cutting jobs because it completed its 18,000-mile fiber-optic network and demand has been less than expected for its streaming media products delivered to personal computers, Reuters said.

Affected employees will be eligible for other positions at Enron Broadband Services or other units, though some people may be fired, she told Reuters. Houston-based Enron is the biggest energy trader.



To: Boplicity who wrote (12425)4/8/2001 8:08:57 PM
From: mishedlo  Read Replies (2) | Respond to of 13572
 
You are never going to make real money in the market going in and out and paying taxes on it. There is only a few zeevs in this world. Over time, I'm convinced that market will be higher then it is today.

I thought that you yourself said that tax consequences should be ignored in investment decisions.

I am 100% positive you said something to the affect that the more taxes you are paying the better you must be doing.

As for being positive the market will be higher, well I agree "given time". But I waould rather pay the taxman than watch the market go sideways for 5 years. And I fully expect the market to do just that.

So... Either way if you are not taking profits they will likely vanish. I can not think of hardly any stocks that I would be willing to shut my eyes and hold for a year.

Finally how does $cost averages reconcile with your stop loss max at 15% or whatever it is. Are you now saying $cost in and TO HELL WITH S/Ls?

M