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Re: drifterfcrc post# 28635

Thursday, 07/20/2006 12:20:11 PM

Thursday, July 20, 2006 12:20:11 PM

Post# of 203990
Smart on your part drift. Here is an example of why. Say you was the one that sold the 500,000 this morning at .0425 and say you bought back at .039 for a profit of $1750. Deduct 30% for short term profit and broker fees = $1225 actual profit. Now say this thing took off and you couldn't catch it until you loss 100,000 of your 500,000 shares and later this goes to a dollar - your loss $100,000 - 15% long term profit tax for a total of $85,000. Potential profit small potential loss huge

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