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Breitburn Energy Partners L.P. Message Board

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  • rlbeard6734 rlbeard6734 Dec 1, 2010 2:14 PM Flag

    Profit taking

    less than next year with taxes going up. short term gain but that is life, if you make it you get to pay for it. my tax bracket is 45% losing deductions. But I do sleep well. I will get to write Uncle Sam a check for about 280k this year. So I will use the money for that.
    but I do see where you are headed and why day trading a large profit like that is not always smart, but I had some other good ops I couldnt pass up that I thought would return more than holding here and so far they have. If they make the 40% I think they will in next few months, I will be back, didnt leave entirely still have 2800 shares which is my profit.

 
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