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Re: TaxiCaT post# 32196

Thursday, 05/19/2011 4:11:39 PM

Thursday, May 19, 2011 4:11:39 PM

Post# of 95811
Taxi,

What you fail to take into account is the mere fact of capital gains taxes: Short vs Long Term which could be substantial. Now, if this way a play like LEXG or LTUM or even SAEI, then I would agree with you that profit should have been pulled. However, that is not the case with PSPW and ready the PR issued today should go a long way to solidify the underlying strength of the company going forward. With that being said, instead of flipping a taking a significant amount of profit, maybe it is more prudent to hold knowing that the price is bound to increase significantly from these low levels and in doing so, pay almost half the tax....sounds good to me.
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