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MeD-- <<"Unless you're sick of holding a stock (and you clearly are),">> The annoyance factor of holding at a loss that does not look to change is not something I enjoy. Although most here disagree there is little interest in the stock as the company does what it can NOT to generate interest, IMO. That will be disputed also. I see no sense on paying huge capital gains when some can be eliminated. That practice is used to free up cash when needed also. Not much sense in selling until the cash can be put to a better use just as there is no sense in holding when the cash can be put to a better use. I'll bail a loser anytime to save a huge tax bite and go into something with a better outlook that will not tilt the portfolio into any one issue. If you add your tax rate (city,State, Fed.) and come up to say 35% (or more is easy) and still love the pig. Then you must believe it is going to raise more than that % in 31 days. If not why not bail, save the taxes and come back after taking a gain somewhere else for a month. Even a money mkt pays 5.5 so your 35% is now 40.5%. I also had too much pork. I also do not have the trust in mgmt any longer or belief it will perform anywhere near many other issues. For longtermers or IRAs the outlook is different,, but at this time too much cpq has been an anchor I am happy to cut lose,, even though I'll be carrying much of it into next year... |
