Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.590

-0.6%

10:10 AM EST

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To: lindend who wrote (1313)	6/12/1999 3:45:00 AM
From: Dale Baker	Read Replies (2) of 10293

To keep splitting hairs, if I buy $5K of XYZZ and sell half for $5K later, the cost basis for my remaining shares is zero because I have my original $5K safe in hand plus the amount of XYZZ shares I bought with that $5K in the first place. You can say I won them fair and square or they were given to me "free" by the market. Granted it's semantics. Sure it's real money but it's basically just a substantial profit. For me, it's a psychological way to sort my portfolio into long term holds and trading positions (I have other long term core holdings which are not "free" shares). If a stock doubles and I like the company, it becomes a long term hold by keeping only what I call the "free" shares. Good luck.

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