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To: Don Lloyd who wrote (94298)	4/15/2001 12:29:14 PM
From: leum	Read Replies (2) \| Respond to of 436258

Oh I see, 8 years prior to March 2000 didn't happen because it was all on paper. Fictitious gains. Is this an old rerun of "Who shot J.R." and we will all wake up in a shower some place. Get friggin real!! That is not how things work. Tell all the shareholder Plaintiffs out there that their gains and subsequent losses are just paper. I am sure a judge would sanction that as a ligitimate defense. "I'm sorry your honor, but since it was just a paper gain and then loss it doesn't count." I guess by your reasoning it would have been different if each time they had a gain they cashed in and then re-invested instead of letting it ride. Only then would they have tax implications? I like your world ... no responsibility for conduct. If someone is greedy enough to be inticed by stock options and hold, then what is the difference between them and any other speculator (more acurately according to Jesse Livermore a sucker or gambler)? Just because they received it due to their job it should be different? Sorry don't buy it in the world of hard knocks ... let's have some personal responsibility ... I bet your a liberal democrat and believe shorting is unAmerican too. Dave Leum, Esq.

To: Don Lloyd who wrote (94298)	4/15/2001 2:30:13 PM
From: patron_anejo_por_favor	Respond to of 436258

Re: AMT. The solution is to educate employees about the tax implications. It's really not too difficult. In most cases, when you execute, you should sell as soon as the shares become available, otherwise you risk a nasty tax liability. If you want to hold, then don't execute. If you're forced to execute (ie, the holding period expires), you should still sell. If you really want the companies stock, wait the 30 days to clear out any wash sale concerns, set aside enough for taxes and buy it back.