Anavex Life Sciences Corp (AVXL)

[jimmy667]

One Very Important Thing when trying to maximize tax losses one NEEDS TO specify the highest price purchase lots as the ones sold and also avoid the those held the longest (because want to perserve long term treatment) This is done within ones brokerage software or Gains Keeper or such Highest Price button or other Specification because if not elected IRS default elects FIFO which is the choice one whould make when minimizing taxable gains selecting oldest holdings.
SECOND IMPORTANT thing and this is pure opinion of my own. (one above is fact)
If buying back and thinking this is a long term investment that could skyrocket buy in a Roth Ira in a brokerage that allows margin in IRA for purposes of Day3 rule and trading on deposits. That way will eliminate future gains taxes.
I am long AVXL. I use all my Roth ceiling for it no room for another. And most IRAs and 401k. (These are also best for flipping if you do that because super tax bais on individial accounts which flipping gain will generate tax bills even If you are sustaining crushing paper losses. Flipping to lower ones cost basis is different story but should specify lots as in HighestPrice or FIFO very important.
Happy New Year Great Luck to All