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Gold/Mining/Energy : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (681)	5/11/1998 5:39:00 PM
From: Jean-Philippe Chevalier	Respond to of 1305

This is true only if you plan on holding the stock long term. If you plan to sell by the end of the year then it would gain if you sold and then bought back in at say a 10% dip. Also, three or more 10% dips could also put you ahead of the power curve, assuming a 20% tax rate.

To: P.Prazeres who wrote (681)	5/11/1998 5:42:00 PM
From: 007	Read Replies (1) \| Respond to of 1305

Paulo, the object is to make as much money as you can, which usually means paying as much taxes as possible - well, at least when it comes to securities. The more you make the more they take, but that shouldn't stop you from trying to make as much as you can. Correct me if I'm wrong, but the issue may be whether your trading can overcome the difference in tax rates between short-term and long-term capital gains, assuming the stock will be a good hold for 18 months. 007

To: P.Prazeres who wrote (681)	5/12/1998 12:36:00 AM
From: The Ox	Read Replies (1) \| Respond to of 1305

Thanks for the post, but I hope you give me more credit then that. Of course I understand the tax implications. I didn't mean to cause an undo stir on this thread buy posting that I sold. While there is a very strong long term bullish arguement to be made for UTI, I sold my UTI today and bought ABTX at slightly over 15. The money/account used is short term trading only. I had a nice profit in UTI which I transferred over to ABTX 1st thing this morning. I feel the end results of the day more then justify my transactions and I am happy to share my experience with those who happen to read this. Good luck everyone, Michael