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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: TGPTNDR who wrote (164875)	5/3/2002 4:17:18 PM
From: fingolfen	Read Replies (1) \| Respond to of 186894

ack in the fall of 2000 I talked with a friend. He'd taken out a second mortgage back in late '99. Put it into the stock market. A good part of it went into CMGI. As it went down he bought more. Around March(01) we talked. His wife didn't know he had the mortgage. She didn't know he was on margin and under-water. I told him no matter what it takes you have to get out. He did. I've another friend who still holds over 1K shares of a position(in CMGI) established around 5 years ago. A year ago, when we talked, he said he would be an agressive buyer if he could. OUCH... A fair potion of my compensation is tied to options, but fortunately I didn't have a lot of cash tied up in the market. Last year I cashed out a lot of my positions and didn't buy back in. Was able to take almost the maximum "capital loss" off on my taxes this year... helped this year's taxes a lot. I actually cashed out some Intel earlier this week (wife needs a new car), and made money on the transaction, but compared to most people here, I'm small fry.

To: TGPTNDR who wrote (164875)	5/3/2002 4:19:29 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

TGNPNTR, No arguement there... Instead of picking and choosing a flater tax would have been prudent. For instance, Real Estate got a tax break. 0% tax less than 500k, 2yrs primary residence. A free for all insues. Meanwhile some poor sucker doesn't sell his stock because he doesn't want to pay cap gains tax. Stocks collapse and RE goes into an inflationary phase. Now certain areas of the economy need a tax break but can't get one because the government needs the money to subsidize all the ill founded tax breaks already given out. Jim