Tuesday, December 08, 2015 9:25:44 PM
It's about getting a "free" tax write off
It's of value to those who don't have all of their marbles invested in a single losing position but have other stocks where capital gains can be offset by their CAPC losses thus limiting the capital gains tax bite on those profitable holding.
It could even be used to limit a future tax bite on CAPC.
As far as the danger of CAPC making some spectacular announcement within the next 30 days I find that unlikely. Buying the shares back after avoiding the Wash Rule period should not be a problem.
As you have indicated that your CAPC holdings are profitable, the exercise I have proposed does not apply to you; it only applies to those holding shares at a loss!
Hey, that "fire in Stewart's belly" - that's probably an ulcer.
Did you notice the number of shares traded today - Zer0!
SKUNKED AGAIN!
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)
Recent CAPC News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 08:39:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:42:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 04:55:51 PM
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