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Technology Stocks : LSI Corporation
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To: shane forbes who wrote (18902)6/15/1999 7:58:00 PM
From: sea_biscuit  Read Replies (1) of 25814
 

OK, going by your example, the profit before taxes and commissions is $1500. Assuming 30% of it is gone (20% long-term federal capital gains taxes, 10% state capital-gains taxes and commissions), we are left with $1050.

Dividing this by 100 gives $10.5 per share. Which means that the cost basis of the remaining 100 shares is $10 minus $10.50, i.e. MINUS 50 cents. IOW, essentially the remaining 100 shares are "free".
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