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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: mary_a who wrote (47380)1/28/2001 5:31:17 PM
From: Monty Lenard  Respond to of 77400
 
Mary, glad to hear you were wise and sold. Good move.

Lets see...assuming your basis was 3 per share(since you said you bought a number of years ago)and assuming you bought back in at 35....

88-3=85 LTCG * .28 = 23.80

Got to keep 88-3-24=61
So you could buy almost 2 times the number of shares as you had before selling AFTER TAX. Not a bad move.

Or just take half your profits and you are right back where you were before selling and you don't even have to wait for it to go back to 88 to be back in the money so to speak.

Monty



To: mary_a who wrote (47380)1/28/2001 7:11:19 PM
From: Paul Reuben  Read Replies (3) | Respond to of 77400
 
I owned CSCO for a good number of years and decided that it was time to sell in the high 80's. I can pay a lot of income tax on the difference between 88 and 30.

Not to quibble, but CSCO never hit the high $80s. $82 is the highest it has ever been.


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