Originally posted by Sestero
if there is a big spike tomorrow would it be a reasonable option to sell and buy back in. (bought at 11)
but buy back in ar what price?
ill assume you oay 36% tax
so held less than 1 year you pay that tax, hence the SP will need to fall more than 36% for you to buy back in at break even
iE: it would need to fall much more than 36% for you to be a winner.
And that's assuming it falls the very second you sell it.
If it continues up to say $28 before it falls, it will then need to fall way back to $16 odd for you to win (assuming you sell it around $23 tomorrow)
Are you so sure these falls will come?
I must admit, I just don't understand so many people trying to cleverly lock in a profit to "buy back" later at a cheaper price.
Can anyone explain it to me, or am I missing something?
at 36% tax rate you neec the stock to fall at least this, from the instant second you sell it, to come out on top.
The best way to get rich long term is identify great growth stocks and dont trim ir sell, just let them run
Especially this stock!
