Replies to post #3238 on Xenacare Holdings Inc.(fka XCHO)

[geodan]

True, having a big position in a slow trading stock is a danger. I have several weeks of avg volume, but also do not know of a better risk/reward play out there.

Cheers

[sts66]

Whoa! You have over 190,000 shares of this? Picking a basis out of thin air of $0.30 means you have ~ $57k riding on the success of Cobroxin. Them's some major brass balls you got hanging!

You'll be an instant millionaire if/when we hit ~ $5/shr, so be careful about quarterly estimated tax payments when/if you sell. Those kinds of profits will definitely get the attention of the IRS when you file, and you're supposed to pay taxes on your gains each quarter, IIRC. Unless it's in a tax-sheltered account like an IRA, then you're safe.