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To: Quad Sevens who wrote (6263)1/23/2000 7:16:00 PM
From: Mike M  Respond to 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.



To: Quad Sevens who wrote (6263)1/24/2000 4:18:00 AM
From: JDN  Respond to of 10293
 
Dear Wade: This whole conversation started with me saying many of us Oldtimers have HUGE unrecognized capital gains, so nearly all the proceeds would be taxable. For instance, my basis in SUNW I think is about $12 a share and thats UP due to buying more at higher prices. haha. JDN


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