should i sell or keep it and enjoy the ride
2007-12-31 18:36:15 · 11 answers · asked by Chris O 1 in Business & Finance ➔ Investing
Did you really make $96?
Broker's fees for buying and selling about $10 per transaction (your actual cost may be different, I'm just using what I pay), $20 total gives you $76 Net...
Also, if you're in a taxable bracket for short term capital gains, I think is 28% then the $76 becomes about $55.
Hmmm... you spent over $4,000 to make about $55. It just doesn't sound right.
So... up to you about pocketing the $55 net profit or letting it ride.
2007-12-31 18:47:58 · answer #1 · answered by Dave C 7 · 0⤊ 0⤋
That means that you must have bought the stock right at the open. That's one heck of a lucky buy. But you should definitely hold it. Starbucks' stock has been beaten down a little too severely this year. When this happens institutions will sell their shares coming into the yearend, so that they can write the loss off on their taxes. Then after the first of the year they will begin to buy the shares back. This will drive the stock price back up. But when you write the stock loss off on your taxes you must wait 30 days before you can buy the stock back. So Starbucks' stock won't necessarily bounce back right away. It might even go down a little. But when they can, institutions will begin to buy back the Starbucks shares that they sold, and the stock will go up. So wait until the end of January and then reconsider selling.
2007-12-31 19:39:14 · answer #2 · answered by Mark S IV 3 · 0⤊ 1⤋
Why did you buy? If you bought without a sell plan, I think you might be playing the game incorrectly. That said, I hold convertible preferred Ford stock in my speculative portfolio. I sold half of my position during the last surge and another 25% today. (IOW, I am down to 25% of my original position) If the price holds next week, I will likely sell the rest. My opinion is sell. (Full Disclosure: I own Ford Motor Capital Trust II in my speculative portfolio)
2016-05-28 08:30:11 · answer #3 · answered by ? 3 · 0⤊ 0⤋
sell 1/4 so you get some money and keep the rest.
2007-12-31 18:56:02 · answer #4 · answered by mary 3 · 0⤊ 0⤋
Enjoy the ride!
So many Starbuckses +
Higher Cost Coffee +
Everyone Goes to Starbuck because they are all around
____________________________________________
= $$$ FOR YOU
2007-12-31 18:45:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Keep it!
2007-12-31 18:40:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Enjoy the ride!
2007-12-31 18:39:35 · answer #7 · answered by Quifta 4 · 0⤊ 0⤋
sell half
2007-12-31 18:39:35 · answer #8 · answered by Anonymous · 0⤊ 0⤋
If you can name three good reasons what that stock should go up, then by all means keep it. I personally think that the stock is a loser though so I doubt that you can.
2008-01-01 01:00:34 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You haven't "made" anything until you sell, subtract your trading and tax costs, and then see what's left.
2008-01-01 01:25:57 · answer #10 · answered by Anonymous · 0⤊ 0⤋