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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Kurt N who wrote (1311)	5/2/1998 8:07:00 PM
From: Ga Bard	Respond to of 9440

MIDL... I do not know about the IRA and so forth but I do realize that day trading will kill you at the end of the year. I got killed this year and for the first time in my life I owe $10K in taxes all because I was day trading and momentum trading. People do not realize what the cost of that style of trading is. I have done that for the most part this year also and I definitely intent to try and do very little because everytime you sell you owe good ole uncle Sam more income on your tax rate which jumps if you do well period. Not to mention the state tax ... As far as buying based on my opinion and zeal I would seriously think about that. Just because I am excited and state my point with conviction does not make a reality or truthful scenario. There is a lot that can happen it this industry... just like with SURG when you have a particular product that is unbelieveable and answers a lot of problems for the big boys. We could suddenly see a major corporation want to buy this company out or even a hostile takeover. Jusy because these are my views I have paid my dues to have this opinion. I found and bought this stock in sept. most everyone that owns it is because of me. In Oct it reverse merged into New Departure with a $300M plus for revenues this year on a global scale. $300,000,000 / 30,000,000 fuly diluted shares gives it a $10 book before expenses. The very least would be a $1.00 - $2.00 book times 10 is still $10.00 - $20.00 share price. Not only that but the Major brokers will love this stock once defined and this internet does not come into play either. Except to sell at the low end to investors coming in. Then In January we got Arcon and the DF-144. The potential and all was unbelieveable and knowing MTBE was about to be banned I again saw unbelieveable potential on an global scale. Now It still is keeping track only it got even better after the merger. So I flew out there and when I got back I started buying this stock first and foremost. Now I may be a total moron and believe I have been called that to for loading up so money into this stock and trying to make all my picks longs. However at a mere $2 bucks I will have 10 bagged the initial money I stated this year with. DO NOT INVEST IN A STOCK WITHOUT BEING ABLE TO ANSWER QUESTIONS ON IT OR KNOWING WHY YOU OWN IT. DO NOT BUY THIS STOCK ON MY EXCITEMENT. When this the picks I have poured money into go I will be flying around this country find solid investments regardless of markets. I have a vision and like most visionaries probably look like a moron. Look at DGIV those that made that stock an invest at .33 are rich as a hoot if they did it as an investment. enough said. GB