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Re: A deleted message

Thursday, 08/02/2007 12:47:55 PM

Thursday, August 02, 2007 12:47:55 PM

Post# of 51429
That argument has never held water. I haven't messed with my own shares much since I would actually mess with the sp even more if I tried to flip.

However, I have been shepherding a cash account for my dad who is out of the country. He got 24K shares around $.41. Right now he wouldn't have had to pay any taxes at all on his losses, regardless of the tax rate!

However, he now has 45K shares and $2500 in cash and is green at the current sp of $.20 or so. I doubt he's going to mind that he's going to need to a pay a little more in taxes on his nearly 100% increase. And quite frankly it wasn't even all that hard, I've made like 7 trades in his behalf in the past 6 months. It was like I was day-trading the account.

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