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

To: chowder who wrote (41006)	3/29/2005 6:22:12 PM
From: Ed Ajootian	Read Replies (2) \| Respond to of 206321

dabum, we are running a marathon here not a sprint, let's see who is ahead at the end of the year on ATPG before declaring victory of TA over FA shall we? Taking into account taxes (and my combined Fed & state tax bracket is about 43% for STCG) one would have lost $2.50/share in profits after tax by "capturing" the $6 in profit that ATPG generated when it went up to $26, vs. where it is today. Not sure that TA could have really predicted that the $26 was the time to sell, but let's give you the benefit of the doubt. So as of right now you are $3.50/share (i.e. $6 less $2.50 tax) ahead of me, who did not sell. If the stock closes the year at $26 then (since the stock will have become LTCG property for me by then) I will be ahead of you by the difference between STCG and LTCG rates. By buying back in now you have also reset the clock on getting an LTCG on your new investment, which may cause you some agita next year because you may not want to be holding this turkey through another 10K filing.

To: chowder who wrote (41006)	3/29/2005 6:30:42 PM
From: Big Dog	Read Replies (1) \| Respond to of 206321

The Dog was short OIH today with a nice handful of the July 95 Put options...bought yesterday at various times of the day. I think these may be worth more tomorrow than today. Other than the puts and Canadian Trusts (ouch!) I am zero energy. But I'll be back.. I want some of that NOV so Frank and I can get rich together. ...and thank you Bum for preaching "take profits"...I have been gradually stopped out of everything, and that feels good on a day like today!!! big