Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: WinnerSBW who wrote (1052)	3/19/1998 3:27:00 PM
From: Market Tracker	Read Replies (1) \| Respond to of 1911

Barry, - Not knowing your complete financial picture, I wouldn't want to talk you into making any rash decisions, but one of the hardest things to do in investing is to sell. There are many, many philosophies about how to buy stocks, but very few about when is the proper time to accept some of the gains. You are in a very unique position as to your cost basis, and I wouldn't want you to needlessly generate a taxable event (selling). If Ames should ever be acquired for a stock swap, any potential tax liability could be deferred until you sold the acquirer's stock, and maybe that is what you should for (tax-wise). You could also write covered calls against some of your shares, receive the call premium up front, and hope the shares don't get called away from you, although option writing is probably not the way to go. You should make sure you have any and all retirement programs fully-funded, and can contribute AMES shares into the one's that allow this. You are young enough where you can afford to take a somewhat higher risk level, than say, a retiree (me). I have to admit, this one is a tough call, but I never want anyone with significant assets to ever under-estimate the importance of diversification. Just some ideas, Gary