Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

No comments on YHOO. By the way, from my PM exchanges I know that some on the thread have big winning positions in stocks they have held for more than 5 years. The tax rate this (and last year) on these in most cases is just 5%, there is no advantage holding these longer from a tax point of view. Here and now might be a good spot to take some of these off the table and reestablish these, if you still like the long term prospects of the companies (stocks like WM, COO (for those that held that one since I first suggested it in 1998 as a core issue, it should be a pentabucker despite the bad bear market, I did not hold it through that whole period preferring to step out of the way from these interim freight trains) POOL, IGT, TLM all of which I think still have good long term prospects but should be available at discounts to the next week or two prices in six to eight weeks). Of course this applies only to taxable accounts, not IRA's or various other tax exempt accounts. If you really like these stocks for the very long term, and cannot watch these on a daily basis, I would sell and put in an OB some 10% under the sell price after the 30 days "wash sales" (though since these are wins, wash sales does not apply).

If by any chance, the Dems win the next round, these extremely low tax rates (putting a guy like Bill Gates in the 5% tax bracket, while my wife pays a tax rate of 50% <g>) will not be available in 2005....