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Hi TMF Taxes Roy,
Thanks for the advice; I'm learning alot from the Fool, both 'net and books. This was my first post, and surely not the last.
<<1. Sell...pay the tax...purchase the new investment>>
Since the time between my sell/new purchase and April 17 was 6 mos, I've invested the cash that I now could use to pay the tax. Do people actually set aside their estimated tax payment when they sell, or cash in poor performers when April 15 rolls around?

<<But...if you believed in the company...REALLY believed in the company...you wouldn't have had the stop loss in place at all, right? >>
I was trying to follow O'Neill's(IBD paper) rule about putting in stops, moving them up as the stock appreciates, cutting losses and letting winners run...

<<This is one of the very reasons that the Fool HATES stop losses, and doesn't use 'em. Neither do I. If I have what I believe is a good, strong, long-term company, I won't need a stop loss... But I'm always looking at least 5 years down the line. What happens today, this month, or even this year is of very little importance to me...especially when it has to do only with stock PRICE and not the value of the company.>>
I often have a hard time telling what is a good, strong, long-term company if ones doesn't use price performance as a guide. How can one figure value of the company, without stock price as confirmation? BTW, the company I was speaking of was 3COM.
Thanks,
Shredbetty
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