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Greetings Mike,

When I decide to sell, the shares I sell come from the first 100. So, if the price goes to $40 and I sell 50 shares, I take a $10/share loss because the 50 I sold are not the 50 I bought at $20/share. Is that correct? First in, first out?

That is correct assuming no commissions to buy or sell the stock and also that it isn't a wash sale.

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