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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Alan Bell who wrote (4593)	4/14/1998 9:04:00 AM
From: James F. Hopkins	Respond to of 42834

Alan; Yes, you have the dates and prices you bought at, and you can sell against any one available. My shares stay with the broker. But lets just say I took possession , I could still sell which ever lot I wanted. There is no law that says I have to sell the ones I have the most profit on. The IRS is overbearing as it is don't go planting any ideas in their head. <G> It's like I have some old savings bonds in my saftey deposit box, not all bought at the same time , not all paying the same rate..if I were to cash any of them in I could cash in the ones that have the lowest tax libility, they can't tell me I have to cash in the ones that have gained the most, that's my call. Why shoud it be any different with stocks. If I have 100 shares of xyz I paid 70 for, and also 100 of xyz paid 60 for ..and I sell only 100 I would be nuts to sell the 60s. Jim