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Alias Born | 10/07/2010 |
Tuesday, December 10, 2019 11:44:29 PM
Instead of averaging down, say from .05 or higher, someone could look at their individual tax situation and deem that it might be worthwhile for them to sell, and use the loss to offset large gains in other stocks, to lower their tax hit. Then they just have to wait 30 days and then if they wanted to, could buy back the same amount of shares they had, at a fraction of the price they originally paid. It’s not like much is going to change in 30 days. Even if there is a gold pour or two, doubtful the pps is going back to .05 anytime soon with approx 1.5 Billion shares out there.
Just an opinion.
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