Jake Berzon

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    • O Canada, O EnCana (duh!)
      One other thing that you better learn quickly is not to get too greedy and lock in your gains once the risk outweighs the potential reward.

      I realize that the "miserable" Q1 performance is expected to be short term. Whatever the excuse, whether paper loss or operational, the company still didn't post the numbers as expected. There is a large downside risk, if they miss again for whatever reason. And as gas and oil prices continue to skyrocket, consumers in North America are cutting back. I am convinced that EnCana businesses will not be able to grow as fast as expected.

      Thus, this was the right time for me to lock in the gains.

      Regarding taxes, the break is for incomes under $65,100, for joint filers. Because of our particular situation, I anticipate that almost all of our income this year will come from capital gains and my intention is to take gains only up to this limit.

      Hope this clarifies things.

      P.S. I enjoy writing about my personal stock selections. My goal is to produce readable and interesting pieces. However, I do not do complete brain dumps or full stock analysis and have no interest in inducing anyone to buy or sell stocks.
      May 20 03:29 am |Rating: +1 0 |Link to Comment |View article

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