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Re: jackpam post# 27552

Thursday, 10/30/2014 10:52:33 PM

Thursday, October 30, 2014 10:52:33 PM

Post# of 144812
jackpam I don't know what the tax structure is like down under, but for me if NVLX goes down below $0.20 I will accumulate and just sit on shares for a year or better. Long term capital gains here in the States.
In Australia it may pay for you to short term trade for a 40% gain.
The other thing one has to look out for when trading and buying back in again in the States is that the SEC frowns on buying immediately back into the same stock after a selling the same stock. Usually they like for a 3 month clearance, although I've never heard of anyone getting busted on this rule.

So I will continue to accumulate when and if I can. If my other play goes up nice I will take some profit and wait for an entry
point in NVLX to add to my slight position.

I like both stocks. Both were Lincoln Park Financial picks. I believe Lincoln Park may still have their position in NVLX, not sure, however, Lincoln is not involved with the financing anymore.

JJ

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