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Thursday, 09/26/2013 9:57:43 PM

Thursday, September 26, 2013 9:57:43 PM

Post# of 40502
You know everyone has a different agenda and different needs and different ways of making a living. So as opinions are good food for thought there are too many of them to apply to the many reasons people invest. Yes it is true that if you hold a stock for a year or longer your maximum tax on any profit once sold is 15%. It is also true that any profit you take from the sale of a stock under a year will be taxed accordingly based on your total income from the tax year. I also understand the reluctance to try and trade a stock, how difficult it is to pick a top and a bottom. However, if you were holding INO prior to the run to 3.03 surely you can learn from whatever it is you decided to do at that point, I decided to hold, in retrospect I should have gone wit my instinct which was to sell everything, but I didn't because I somehow rationalized in my mind that this must be a news leak and it will be even higher tomorrow, I was wrong. Then if you sat back a day or two and enjoyed your tremendous profit you just made have you sold you would have noticed the drop in pps. If you waited long enough you would have seen the 1.20's and then the reversal. You could have waited until it got back up from the 1.20's to the 1.50's before you bought back in and would have made a killing. My point, learn from what you have seen and put it to work for you. Will you always be right, no but with carefull planning and small moves you will make a lot of scratch while waiting for the big score. The big score is a discussion for another day.
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