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Foolish question indeed, but I was wondering: If I buy a stock over several years, adding to my position.... and I decide to sell some stock to balance my portfolio. How do I know that I'm selling the stock I bought at an earlier date rather than the shares I bought more recently? The tax implications are greater for short term capital gains than for long term capital gains. The stock is AAPL which I bought in 2007, and then again in 2012 under the guidance of Supernova.

Thanks for any help,

MP
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You need to have some sort of written agreement with your broker that acknowledges the date of purchase for the stock sold. This is often done with an exchange of email. Talk to your broker to see how that can best be handled.
You might also check on the Discount Brokers board to find out how others that use your broker have handled it.

Bob
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Typically, unless the customer specifies otherwise, the broker sells the shares FIFO. If this isn't what you want, then make other arrangements with your broker.
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re: AAPL


pellmio,

If Supernova didn't tell you, it is time to unload half of your AAPL stocks for the time being.

Let the charts like the below tell you when to be in and when to be out of the stock per the two (2) moving averages to help protect your ASSettes.

http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&m... there was a sell signal on September 24th. My other charts featuring 5/10 sma's, tell me to short or sell AAPL on the 26th.

Also notice with accuracy the TSI panel below at the xovers. Go to the left and the pattern when it is going up and then glance up at the chart and it too is going up. Sun of a gun it werks for me.

Quillnpenn -
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re: AAPL

Actually, the shorting started on or about the 18th of September.

http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&m...

Note the TSI below panel just for comfirmation.

Quillnpenn -
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Quill,

I think you’re rushing the "sell-date", as it is all too easy to do retrospectively. Take a look at APPL on a Renko chart, using a box value of one point. http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&m... That is a classic, Head & Shoulders, topping formation and exactly the sort of pattern an investor should be paying attention to, as opposed to the faster forming patterns (and indicators) that are more suitable to traders.

The Sell signal came merely a couple days ago as Price broke below the horizontal support-line of 660, with the expectation that Price will continue to head down toward the next level of support at something around 595.

Charlie
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