. . . if not *quite* so dramatically.
Of course, like most of those orking there, I held some of that stock. I wound up with a capital loss, overall,
even after receiving bonus shares offered to employee purchasers, as a hedge. If I had stopped buying after
the first offering (which was followed by two splits), it would have been a different story; but, like many, I mis-
took that performance to be predictive, and in one offering, found that my stock was worth less than I had con-
tracted to pay for it, on the very day it was allocated! I actually had to hold it for three years, to use the hedge,
or I would have *really* "lost my shirt" on it. Instead, all I got was a big, fat, tax deduction, for the year in which
I sold the stock, in order to survive for six months, without a job, followed by relocation paid from my own pocket.
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HadEnuf? |
