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.

Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: miraje who wrote (9417)	7/17/1998 11:13:00 AM
From: Arnold Layne	Read Replies (1) \| Respond to of 74651

to all: selling has dried up already. asking 118 1/4... EOM

To: miraje who wrote (9417)	7/17/1998 11:18:00 AM
From: ToySoldier	Respond to of 74651

Bre-X and rebound shouldnt be put in the same sentence. AINT GONNA HAPPEN. The smart speculators that actually were able to run on Bre-X considered Bre-X to be the Mecca of all money makers!!! In a town in Alberta there are a lot of very rich people. They caught onto it when it was truly a penny stock. And you thought MSFT had a large batch of Millionaires. The stupid ones - the suckers that converted this stock into a Blue-Chips WAY TOO EARLY - were justifiably burned! Its simply amazing how many so-called smart Bay Street / Wall Street Analysts were burned by this scam. I only wish I could find another Bre-X up here. Hopefully some day another play like that will come along. Toy

To: miraje who wrote (9417)	7/17/1998 11:46:00 AM
From: PMS Witch	Read Replies (3) \| Respond to of 74651

Cap gains rate in Canada -- Depends on province, but 3/4 of gains are treated as income. Most provinces tax rates are about 50%, thus, one gives up 37% of cap gains to taxes. Interesting observation: With average stock loss through market corrections running about 26% and taxes running about 37%, one is better off facing a bear market than the tax man. Even if you time your trades PERFECTLY, you'll still be 11% worse off. Another observation: Originally, Canada had NO cap gains tax, then 50%, later 66%, and is now 75% inclusion rate. Also we had a deductible of 500,000, later becoming 100,000, and now zero. Notice a trend here? Fortunately, Canadians pay taxes with Canadian dollars so it isn't as bad as it seems. PW.