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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: The Philosopher who wrote (3895)	10/20/1998 8:40:00 PM
From: Starowl	Respond to of 5944

Christopher: OTOTOTOT. I thought you'd like the rosy picture. Well, you can sell now and not have to pay as much capital gains as you would if you were to sell in two months. Or, if you are really lucky, the stock will drop to $2 and your taxes will be MUCH lower when you sell. :-) For the FAF, don't you have to list your assets as well as your income? But I can see why you wouldn't want to show $100K in capital gains. And what about the cottage in Maine? And your wife's retirement? If you hang on to your Adaptec stock, it doubles in a year or less, she can retire, you can buy the vacation home, go deeply into debt and write an FAF that looks just pitiful, and the kid gets aid. Of course, by then you'll need the aid. If you believe Adaptec is an over-the-hill company, you might want to start reducing your exposure. If you think it's got a future, you might want to hang on to the bundle, especially if it's basis is nearly zero. This is a problem I'd love to have. Best wishes, Starowl

To: The Philosopher who wrote (3895)	10/21/1998 1:53:00 PM
From: Dawgfool	Respond to of 5944

Dawgfool's lessons of life rule #1: Investment decisions should be made on the strength of the investment. ie do not allow yourself to consider taxes (or FAF's -which by the way you do have to list assets, although its not very trackable). In 1984, the Dawgfool who was quite poor at the time bought $1000 of Eastern Airlines warrants. In October of 1984 the Dawgfool who was still quite poor had warrants worth $18,000 and thought it was time to sell. However, because the Dawgfool is a Dawgfool he didn't want to pay the tax and decided to ride them into Jan, 1985. In Jan, 1985 the Dawgfool's warrants were worth $1200 which is why I am the Dawgfool. If you are uncomfortable with LONG take the money and pay the tax. Yours truly, the Dawgfool.