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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Rose who wrote (58659)	5/26/1999 1:21:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

I think plenty will sell on the way back up. That's how a stock matures. They'll be looking for the next Amazon and all that. I'll be very happy if Amazon simply out-performs the Gap or Abercrombie now. Until this correction I have always traded, taxes be damned. I always knew that the fox who chases two rabbits (capital gains and tax savings) usually catches neither. A few things happened to change my tactics. Most importantly I made alot of money. That changes your strategies. There's no hurry now. Secondly, taxes have become a BIG consequence. Using a template that a tip-tier internet stock will triple, then correct 50%, then triple, then correct 50%, etc, it makes no sense to sell with a 50% tax rate. There are a few things I would do differently next time. I will sell more calls and I will trade my IRA again to some degree. But I've passed the point of closing entire positions. Jan pointed out what that cost me with Amazon last fall. Perfect example.