In our discussion re: selling on news, then waiting for a pull-back to jump back in, your response says: "There are such things as tax deductions.This enables those who have them not to pay their full amount of Taxes." My counter-argument to that is that those deductions (I assuming you mean long term capital loss carry-overs) live on, so you'd in essence be wasting them to try to make a quick flip to increase your share count. If you're talking simple itemized deductions, assuming you make any other money, they would be better applied towards other income. Ideally, it would be best to hold the stock for one full year in order to get long term capital gains treatment. You also say: "Second 42% of profit still leaves you with 58% profits." Now I KNOW that you mean to say "42% in taxes", but you are still missing the point. Again, the plan you suggest is to sell stock at the perceived high on the news, then wait for the pull-back to buy it back, thereby increasing your share count. In order to be successful (i.e., come out ahead), the pull-back would have to amount to more than a 42% retracement just to break even. Now I'm a gamblin' man, but I don't like those odds. Hope this helps..... SGE