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justinfoster

03/13/12 1:25 PM

#1822 RE: stingjms #1821

Well, you have many more years to be sitting here and doing this Sting.=-) All i would say is if it does take off, be very carefull about selling it under the year because you will be taxed at the regular tax rate and you can not change your mind once it is done. If you are not making much in college, I believe you can have up to about 32k net taxible income roughly in long term holdings after the year THAT YOU CAN TAKE TAX FREE! Just something to keep in perspective and to think about and research before selling. Most people who have not been in this a lot will sometimes make that mistake and learn the hard way.

I did sell some of my holdings close to the peek of rotech. I still have a good position in it also because I think they are going to have a good year this year. They just bought a new home medical business at the end of last year that will add 11m in revenues so that will impact their financials for q4 negatively I am guessing because of the purchase. But I am hoping q1 will have those revs plus the purchase price will not be reflected so hopefully will be a profit. I think it could even go higher this year then the 4.92, but could be wrong. We will just have to wait and see like with Arcadia.