Friday, November 02, 2018 4:01:49 PM
There may be somebody out there who has a lot of "flower power" that can use this comment for good use. (Let those who have ears to hear, hear here)
The challenge of these kind of "sellers" is that there is, I believe, limited buyer interest. Having said that, the losses on stock like this is best recognized (IRC definition of word "recognized") as a result of an actual sale. Hence these folks may not be be concerned about how little they get for the shares, because they consider the shares worthless already, and the cost of the trade is the price they pay to have the sale on the books, through a broker, to support the stock loss offset to their gains on other stock, as they enter all this data on their income tax return.
I hope this helps someone.
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