What is the waiting period that we must wait after selling a
stock to get back in to it.

For example, we purchased stock ABC @ 10.00. It has risen
to 15.00 and starts to slide back to 14.00 At this point we
decided to sell and take our profits but if it ever gets
back to our original 10.00 we would buy in again. How long
do we have to wait before we can buy back in.

Thanks

Darin Leffler wrote:

> For example, we purchased stock ABC @ 10.00. It has risen
> to 15.00 and starts to slide back to 14.00 At this point we
> decided to sell and take our profits but if it ever gets
> back to our original 10.00 we would buy in again. How long
> do we have to wait before we can buy back in.

Hello,

You don't have to wait at all before buying back in. You may
be thinking of the wash sale rule, where you can't recognize
a
loss if you sell a stock then buy it back within 30 days.
Since
you sold at a profit, you can buy it back whenever you like.

Rip