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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (944)	1/31/1998 11:58:00 AM
From: tiquer	Read Replies (2) \| Respond to of 3183

TLindt and Chirodoc... Welcome back.. Now... This is for all to think about.. And by no means advice. Just my thoughts. Lets say one has a $10,000 investment in excite... purchased 1000 shrs at 10. Now the stock goes to 110 and the investment grows to $110,000. The owner of the stock really thinks that it will go higher in the long term but may dip down so he sells. Has $100,000 in profit. Well a few days later the person realizes they really do want this stock back.. One problem!!! They don't have $100,000 to invest back into the stock... because now they have to pay TAXES on the $100K... So really they can only buy back 60k worth... The other 40k is gone forever, never again to work hard at making money for you... So...am I thinking clearly here??? Welcome back.. I hope it continues..??? Roger R