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To: Sarmad Y. Hermiz who wrote (5217)4/23/2003 12:04:42 AM
From: Sultan  Read Replies (1) | Respond to of 13403
 
:o(

Am in the process of doing my taxes (Canadians have till month end) and even though we are allowed to carry back upto 3 years (for tax year 2002, carry back would be for 99-01 if you had paid any capital gains in those years), the destruction of capital, which took years to build, is incredible.. Too depressing to articulate..



To: Sarmad Y. Hermiz who wrote (5217)4/23/2003 12:31:50 AM
From: advocatedevil  Read Replies (1) | Respond to of 13403
 
OT - There's a multitude of creative ways to give money away in this market Sarmad - this ol' fool found a beaut by holdin' a short play initiated today that's already underwater to the tune of $16K+! Wish I had bought that WDC of yours - I see she's approaching double digits again and perhaps a new 4 year high - hope ya make a fortune!

AdvocateFool



To: Sarmad Y. Hermiz who wrote (5217)4/23/2003 10:25:07 AM
From: Gottfried  Read Replies (2) | Respond to of 13403
 
Sarmad, thanks for the reply on what went wrong. BTW, it's entirely acceptable to me if a poster does not reply because he does not wish to.

My most spectacular loss came a couple of years ago after I had discovered TOM: very low P/E ratio and even lower when calculated on forward earnings. I congratulated myself on finding this gem. So when it dropped I bought more only to discover later that earnings projections were lowered drastically. The lesson? Where there's smoke there's fire.

Gottfried