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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: robbie who wrote (3049)	1/1/1999 2:09:00 PM
From: PAL	Read Replies (1) \| Respond to of 4903

Since taxes can eat up 50% of your gain, sometimes they should be a factor. You are right, sometimes you have to consider thrm. Happy New Year Paul

To: robbie who wrote (3049)	1/1/1999 3:31:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 4903

YES AND HERE'S ONE EXAMPLE: Cost $20 decision to sell @ $40 yields a $20,000 ST gain with 1,000 shares. This might be as much as $10,000 in various taxes. Taxes that might need to be paid anyway - in the future. But will be due 4/15/99 if the stock was sold in 1998. That means the stock, if it drops to <$30 in 1999 would have been much better off being sold @ $40 and paying the taxes! The odds that ONSL will drop below $30?? That's the RISK you have to weigh. Looking at my charts, I'd say we could see $29 next week. ONLY reason we wont would be a gap up first thing Monday morning. Otherwise all support breaks down when the price gets from $40 to about $39.93 or say $39.56. Summary: IMO, taxes should NOT play as an important a roll with short term volatile stocks as should preservation of capital. Colin