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Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123153  
Subject: Re: And Here Is Another Mess I've Made! Date: 9/21/1999 5:04 PM
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i don't think you're losing because of the "stupid rule"....
you're losing cuz you're doing the Ol' Buy High, Sell
(been there, done that!)

you bought 200 YHOO for an average 155, sold at 132...
and Today it's at 168+ (coulda been $2600 profit so far)

then you bout 400sh of god-knows over two days and
NOW that its down, you want to sell....

aint' the tax law that's biting you, it's the laws
of arithmetic...

(-: better luck next time.


Gosh JP, thanks for the observation.
One programmer to another:
if (AngelMays_tax_situation < totally_clear && AngelMay == seeking_advice)
JPs_advice = not_much_help;

But seriously, I have learned several things over the past few months:

1. Put in a stop-loss as soon as you purchase a stock.
2. Never -- but NEVER -- average down.
3. Try never to lend any credence to anything said by an analyst. They know not of what they speak. They can only guess -- just like the rest of us. If they knew what the stock or the market was going to do they wouldn't be on TV hyping it, they would be wealthy beyond anyone's dreams and basking on a beach in the Caribbean or the Riviera.

AngelMay : )

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