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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?


To: DavidG who wrote (18524)5/20/1999 2:42:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 

David: No, I am not selling off my MO stock the same way I sell my LSI. Because, first off, MO is not such a big part of my portfolio as LSI is. Secondly, I do have a different criterion for selling ALL of my MO -- and that will happen whenever they fail to raise their dividend. As simple as that.

But I am making some adjustments with MO. Until now, all my MO was in a taxable account (purchase price : 45 7/8). This year, when it declined to 34 1/2 (at a juicy dividend yield of 5.1%), I bought some MO shares in my IRA portfolio. So I will be selling that number of MO shares from my taxable account when I break even at 45 7/8. (And btw, coincidentally, 45 7/8 also happens to be the price at which I plan to unload some more of my LSI stock!)