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Buying the Tax Loss selling now. ONEV,NMKT,NXTI,are just a few
Financial Planning: Tax Loss Selling
By Daniel Saikaley
If you have sold some assets and realized capital gains in the year, and you are holding other assets with unrealized losses, consider selling them as well. This will allow you to realize losses to offset the capital gains. This is often referred to as "tax loss selling". Tax loss selling usually takes place at year-end, when an investor knows his or her net taxable capital gains for the year. Capital losses realized during the year offset capital gains realized during the year for a net capital gain or loss. A net capital gain is taxable in the year. A net capital loss may be carried back 3 years or forward indefinitely to apply against net capital gains.
With tax loss selling, the selling transaction must settle before the last business day of the year. (Given a three business day settlement period, implies the deadline is about Christmas Eve, but why push it?) In addition, you should be aware of the so-called "superficial loss rules" (e.g. do not repurchase the losers within 30 days before or after the sale; alternatively, consider repurchasing similar securities, but not identical securities).
LOL--so my 60,000 buy is the entire volume so far today.
Well, so be it.
NXTI on the Christmas list
NXTI probably getting hit on Tax Loss Selling . I love buying when others are selling JUST BECAUSE of TAX reasons. January can be sweet on the weak December plays.
ADMH chart
ADMH on watch
Look at this LMMG chart. You do not see this too often in a stock that is down. The green shows the NET flows of money into a stock--even though the price does not reflect the flows. Market makers can make a stock appear weak, when there is real money going in. Show a trade for a 500 shares at a low bid, and the stock looks weak-but if you have a 40,000 share BUY, it is camouglaged by this type of MM's shenanigans.
Really loving what I am seeing here.
BTW, here a thanks to a poster on another board that noted this. That is what these boards are here for---sharing info.
Give me 2 million shares and a .052 and we may get a nice rally here\, goombas!
NMKT looking nice and solid on its move up.
MAGR chart
Check these two out, Stockpicks for this week. I like this NMKT too, but MAGR is turning and it is a gold and copper play.
Not a subpenny, but they trade and you can scalp them for a 20%-40%A over and over.
MAGR
NMKT doing its quarterly turn up
DRVW pig getting poked.
You can make money seeling pork. LOL
Thanks, bb, for all the help this year.
SIRI is really kicking
LMMG? Bounce?
SKYCE
hey, cap. SKYCE!
SKYCE popping early today
LMMG --climbing the mountain again. Going to the base camp. LOL
Old news, new investors that did not know it was old news, IMO, sold on Friday thinking they were limiting their loss. Notice the snapback by others that saw it as an opportunity to average in?
JMHO--but the company would have no reasonable justification to do a RS down at this price because there would be NO benefit to shareholders. There would be a reason if LMMG could move to another exchange with a RS --which would be required by any exchange if LMMG was at these low penny levels.
However, the only exchange that would make sense with a 1 for 20 would be AMEX, which its minimum listing requirements are a $2.00 price AND a $50 million market capitalization. In LMMG's case, that will not be reached until LMMG hits .17--and no SMART management team (or debt financiers requiring the RS possibility) would execute a RS unless the price was substanially over that .17 to take into account the usual initial drop. WHy do a RS when the mkt cap is at barely $50 million (.17/share) just to have it go down to .12 and below the mkt cap requirement? They have to know this--so I would suspect they would only do a RS when it is much higher and ONLLY TO MOVE TO ANOTHER EXCHANGE. You get no benefit for shareholders or managment to do a RS unless you get that possibility in return.
So, I would think they have news coming that mgmt thinks will generate the price to .20-.30 a share in the relative near term.
Now--if they do a RS without a move to another exchange-- then I am out--because it would confirm that mgmt is either being taken advantage of by the debt guys, or mgmt just does not have a clue.
My bet is that they know what they are doing.
How did you know Lebed was going to start his pump after the close on ILKG?
LMMG at 200 DMA breakout point
CYBL turning with volume
CYBL
Cha ching. UTSI
ILKG pump is on! Take your bets! Red or black? What numbers?!
Spin.
LOL
Still in LMMG and looking to get and AVERAGE UP at .07 with any volume over 2 million.
LMMG on American Bulls with Technical Analysis comments. Looks like a developing bullish pattern. To me, I would like to see a close over .065 on 1.5-2 million shares. There does not look like alot of resistance over . 075--and could run to .10 quickly. What I like about the recent trading days is that there seems to be new demand without the benefit of any news out of the company. With any positive news out of LMMG, these traders buyin gon momentum could kick it into high gear.
As for myself, I like the fundamentals. Great sector and good technology.
www.americanbulls.com Enter LMMG.
Playing LMMG today.
Wheeee! LMMG getting jiggy. Good volume.
Thanks for the LMMG chart, bb.
Bought a little today. Watching for the opening action tomorrow. If it gets through the 200DMA with 2 million shares, I will average up
Thanks again.
bb. could you look at LMMG for annotation? TIA
You bought some LMMG today too? LOL
With these lowpriced stocks, I guess you have to worry about you possibly having knowing who are the buyers are.
SMTR-- LMMG higher volume today-- ENDE
3 month chart is more telling
In LMMG too. Hoping high volume means something tomorrow.
FPP
Swwwwwwwwwwwwwwwweeeeeeeeet
ILCO, bb, getting jiggy
LMMG volume today is very encouraging. Once it gets over .056, there is not much in the way until .08 and then .11.
After all, it is ALL about the charts. The fundamentals just help make the chart.
MCET on news alert today
CONX news just hit the wires