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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (6956)1/30/2009 8:27:38 PM
From: Elroy  Respond to of 20435
 
Please sell my CSCO and use the proceeds to buy more BAC

This will go through, but some of our previous rules have vanished in some of the many board revisions. Taro, can you add back the rules that say when you sell you have to sell the entire position (no partial sales), and when you buy it has to be a position you don't currently hold (no additions). These two rules are there because I'd rather not do the share recalculation for partial sales or additions, in other words, laziness.

Anyway, this is OK since those two rules somehow evaporated on a flight over the Atlantic.

Jorj X Mckie
Stock Price Shares Value Cost … Change
CSCO $14.97 1.255 $18.78 $15.94 … -6%
BAC $6.58 1.312 $8.64 $15.24 … -57%
JASO $2.66 10.057 $26.75
ACI $15.19 2.432 $36.94 …
Jorj X Mckie Total = $91.11
Your CSCO sale generates $18.60 after 1% commission. That's 2.826 shares of BAC at $6.58. So your new BAC sharecount is 4.138.

Jorj X Mckie
Stock Price Shares Value Cost … Change
BAC $6.58 4.138 $27.23 $15.24 … -57%
JASO $2.66 10.057 $26.75
ACI $15.19 2.432 $36.94 …
Jorj X Mckie Total = $90.92