Re: [CANSLIM] Deduction Subject to 2% Limit

From: Hong Hsu <honghsu@bellatlantic.net>
Subject: Re: [CANSLIM] Deduction Subject to 2% Limit
Date: Wed, 23 Jul 2003 20:47:09 -0400

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Rob,

Thank you very much.  As you said the IRS believe a trader MUST have 
substantially income from his /her trading income in comparison of other 
incomes.  Thus I think there will be no hard number for average holding 
period.  The average holding period is secondary criteria.   If there is 
a hard number, then the Warren Buffett will never be a trader as he 
holds positions for years.  

Thanks again,
- -Hong



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