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Re: sentiment_stocks post# 236730

Wednesday, 07/17/2019 9:34:21 PM

Wednesday, July 17, 2019 9:34:21 PM

Post# of 708881
@Senti,

Wash sale rules apply if the sale was at a loss. All that does is roll the loss into the new position. The tax loss does not disappear, only deferred.

Wash sale regs would not discourage someone from selling at 25 cents to rebuy at 23. That's a desirable trade whether the existing position is a gain or loss.

Consider the recent 1m share trade being discussed. 2 cents per share is effectively $20,000 profit in a week. Not implying any certainty they are connected - just an example.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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