The stock purchase plan will be ongoing. I'll get in again next time, but I'll probably cash out this time if we have big gains. I think the strike price is 96 pre split, so I could use a 50+% increase to pay off Christmas or take a vacation!
Are there usually big tax ramifications of selling stock that quickly?
You gotta be 26, why would anyone take stock out and use it to pay for Christmas or a vacation. When yuou take your vacation be sure to keep track of what your plxs stock would have been worth in five years if you had kept it because that "Free Christmas" will cost your thousands and thousands. I bought 1500 shares of Plxs at 3.25 about 11 years ago If I had spent it when it hit 4.75 to make a nice Christmas it would have been the most expensive Christmas in history. I strongly suggest you use payroll deduction for Christmas then keep plxs and retire when your 45 instead of thinking back on that great set of skies you got back in 2000.
I got some real friends who like to play with my computer, You can disregard the previous letter if you want and i will shoot my buddies for playing Ann Landers. Plxs is a good stock to hold though I will agree with them on that.dlkkld;;;d