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Alley

03/26/04 7:05 PM

#64680 RE: dmiller #64678

THANKS DMILLER...I try to avoid personal commentary regarding posters ...other than to express appreciation...
This was just to blatant...

and I still am not as certain as 14_1 aka Gejim is that everything is ok and this is time to buy....

If he is correct....my hats off to him...and I congratulate anyone who used his signal to buy.

I still believe we may have a little churning to do...
In any case I am in for the long haul .....
Alley
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GE_Jim

03/26/04 9:35 PM

#64688 RE: dmiller #64678

Hey, nice tie to the use of stops you keep defending. You make it sound like your the only one that knows how to use them.

Perhaps you can expand into the tax effects on a long term position with this use.

Let try one I bought at say 25 even. the stock goes down. comes a little, goes back down but I hold and Nokia hits, lets just say, this goes to 50. Well I sell at fifty. 25 profit 3.75 tax net 21.25. If I'm holding I also catch miss out either now can I. Worst case is I bought too high.

However your smarter than I am. You use stops. Same setup. You go in and out make a few bucks here or there, perhaps. You don't come agross as a trader, if you are you can make a lot more, depending. Lets say you make a buy at last weeks price low 16 we'll go. You are lucky as when Nokia hits you happen to be inbewteen stops and are holding, you also take a ride. You make 34 in profit. Ah ,but because of those nasty stops you have to pay the short term. Now I don't know what tax bracket your in, you can do the math. In fact maybe you can do a breakout of tax structure for the others who wish to use your stop policy. You also may wish to tie in capitol loss and it uses applied. Also wash sales as that is a direct tie. it would be an interesting study.

RE:Gejim is supposed to be a seasoned veteran trader

Perhaps, perhaps not. either way it doesn't matter. Did buy in the mid 24's before the fall, got about seven times that much after. And all of it ear marked for long.And it does not include my trading shares. To be certian a lessor amount. I lost a inning on a trade, yeap, but I also got a chance to buy all I want in the 16 range. Before we call the game over let see how all turns out.