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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (40922)	3/28/2005 10:56:13 AM
From: Big Dog	Read Replies (2) \| Respond to of 206322

OT Speaking of taxes...does anyone know offhand what the capital gain tax rate is on raw land held for 5+ yrs ??? Is it 15% ? big

To: kodiak_bull who wrote (40922)	3/28/2005 11:08:36 AM
From: Larry S.	Read Replies (1) \| Respond to of 206322

taxes are a component of investment planning, but should not be the tail that wags the dog. you are so correct. i remember talking to people in 2000 about CSCO, was already down to 30 from 60, and people said they couldn't afford to sell it, they had too much cap gains. so, if they waited till it got back to to 16-18, look at all the taxes they would have saved. larry

To: kodiak_bull who wrote (40922)	3/28/2005 1:56:23 PM
From: mred1998	Read Replies (1) \| Respond to of 206322

KB - What's your take on CCJ, CNX, and BTU? Are they headed down also, or just a pause? I have some nice profits to protect. Mr. Ed.

To: kodiak_bull who wrote (40922)	3/29/2005 10:59:58 AM
From: Tommaso	Read Replies (2) \| Respond to of 206322

Short term trading may be fun, especially if one has inherited money to do it with, but if successful it leads to huge tax bills plus complicated tax returns, not to speak of lots of commissions. Maybe it might be best to wait to see how my BRY investment has worked out when I sell before deciding whether I am a fool or not. I recently sold some APC LEAP calls at just about their peak price, which was a better than 100 precent gain. And since I had held them over a year the tax will only be 15 percent. I may not be that lucky with BRY. Indeed, I only sold the calls because I have an enormous final payment due to the IRS, but I got very lucky with the timing.

To: kodiak_bull who wrote (40922)	3/30/2005 11:25:10 AM
From: kodiak_bull	Respond to of 206322

BRY: As noted on the previous post, the path for this one is down, now a buck cheaper than my previous analysis (now 48.30 versus yesterday's 49.30). For those who own it now, it is below the January fractal (that blip on 1/18 which was weak support at 48.40). More importantly, today's candle down, if it goes down much further, will take out the downward fractal made just two days ago (3/28's low of 48.00 flat); if you are curious about how fractals are formed and what they mean, see Bill Williams' books generally on chaotic markets and fractal trading, available cheap at traderslibrary. Next support looks to me to be about $10 to the south at $38.70 or so. For those rational souls who own it, the only question is, when will you bail in order to preserve capital? For Tommaso, the silver lining is, with every ratchet downward he is saving taxes. In fact, he may soon be generating long term capital losses to help him with his other tax problems. Kb