Universal Energy Corp (UVSE)

[mikeyk]

I suppose $10,000 in profits is nothing to sneeze at, but you also need to factor in your short term capital gains tax on that profit, which I think is 35%, so now your profit is only $6500, then maybe you also have a state income tax to reduce that further. If you wait til at least January, that tax burden will be delayed for at least a year until the 2009 tax season. That's only like 12-14 weeks away, by then this should be back up in the mid $0.30-$0.40 range, especially after the 3rd quarter 10Q is released (12-13 weeks after 2nd quarter 10Q), and your profit will be a lot bigger then 10K. Think of how many hookers you can buy then. This also gives you a hell of a lot more cash so you can take bigger positions in other stock risks, more money down, bigger profits even if your only going for 100% gains.

I know some people only look at a short term gain and run, I'm looking to put a large amount of cash in my bank account and get out of the dead end job market once and for all and enjoy life instead of constantly killing myself to just try and pay the bills. When I reach that point I can play some short terms gains myself, but first comes financial security, then comes play money.