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Non-Tech : Bill Wexler's Dog Pound
REFR 1.330-0.7%Jan 6 3:31 PM EST
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To: Quad Sevens who wrote (6263)1/23/2000 7:16:00 PM
From: Mike M   of 10293
 
You are correct and assuming further that it is a stock you would care to continue owning, if you repurchased after a 20% correction, even assuming you withheld the 20% tax consequence, you would still be able to buy back more shares than you sold and have a higher cost basis. Of course, the clock starts ticking again for the long term capital gain.
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