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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (24254)	2/24/2005 12:52:11 PM
From: Tommaso	Read Replies (1) \| Respond to of 116555

What I am saying is that I own calls on APC that I bought a year ago and that they have doubled in value. I will sell them Monday and pay 15% tax on the gain. I would like to continue holding them but the govnernment wants a lot of money from me and it is going to have to come from somewhere, and I would rather not owe 35% taxes on something else. As to energy, I have what is getting close to 20% of my entire net worth in Energy Split capital shares, a leveraged closed end (US terminology) fund of Canadian energy trusts. It has appreciated over 50% in the last fourteen months and has also paid out about 12% in tax-deferred income. Next largest energy holds, Canadian Oil Sands and the derivative, Oil Sands Split. Small side bet yesterday, some puts on FNM.