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To: PAL who wrote (53024)	7/22/1998 4:36:00 AM
From: Benkea	Respond to of 176387

Pal: Think about your statement re: 39.6% (max) short-term cap-gains tax on the 7% ish from $110 to $117 ish. Of course it is cheaper to sell stock at $117 and buy it back for $110. You only pay the 39.6% on the $7 profit (about $2.80 in taxes). Thus, profit is $4.20 per share. Still think buy and hold was best or do you have some against an after tax profit of $46000 ($4.20 X 11k shares)? Ben

To: PAL who wrote (53024)	7/22/1998 9:30:00 AM
From: VICTORIA GATE, MD	Respond to of 176387

PAL i going buy back today, i don't pay tax vg

To: PAL who wrote (53024)	7/22/1998 10:12:00 AM
From: Tweaker	Read Replies (2) \| Respond to of 176387

I'm not sure if you have to pay taxes on the sale of a stock if you buy it back within a certain amount of time. Any CPA's out there?