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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: MakeMoney who wrote (2913)	9/24/1998 1:14:00 AM
From: chris of nyc	Read Replies (1) \| Respond to of 7609

i have to ask... if you have cap. gains of 10M, and can take a tax loss of 2M., explain why u wouldnt? To add to this notion, if you do this on dec 30, and rebuy the "bad-boy stock" on jan 31 (hopefully at the same price u sold it for) because you truly believed in the co., you have just made your money work for you. Why not use the loss to your advantage? its not what you get, its what u keep. if i make money in the market, i dont mind paying taxes. but when the cap. gains rate eats into my profit, that i have a problem with.

To: MakeMoney who wrote (2913)	9/24/1998 1:32:00 AM
From: lakers17	Read Replies (1) \| Respond to of 7609

MakeMoney......... I actually agree with you about holding. I do a lot of that myself. The only exception for me which is common in the pennies is the good old reverse split. I have one stock which went through two reverse splits(a 12 for 1 and a 70 for 1) The stock is back at .40 and dropping like a rock. My break even price is $17.50 a share. There is no way that this stock will ever come close to that and I will take a tax write off on most of the shares in December. That would be my exception to your rule. In pennies as long as you buy at a great price like ARET is now, your downside risk is minimal and unless a company goes bankrupt, most pennies will have many spikes over the years to different price levels. Lakers