InvestorsHub Logo
Followers 105
Posts 20514
Boards Moderated 0
Alias Born 06/30/2012

Re: RockoTaco post# 129643

Saturday, 07/10/2021 10:14:34 PM

Saturday, July 10, 2021 10:14:34 PM

Post# of 140474
Well - one thing we sort of agree upon is we will know based on TTLLF volume. 9/20 isn't going to change and the timing of this idea suggests that 7/15 is the latest one would want to do that - buy TTLLF as a type of cheap hedge.

Common shares then get sold around 8/16 and then bought back around 9/17 - just before 9/20. (18th and 19th of Sept. is a weekend BTW)

31 days prior - day of - 31 days after definitely keeps ya safe and wash sales do not apply. Fresh powder is needed and not all that much IMO

See - I'm thinking most will want to take a tax loss / harvest it if you will but are nervous about an early BO hitting and missing out entirely. Perhaps we think differently. I fully expect TTLLF to expire worthless. Great job Mc !! Give yourself a nice award now

** Taco you have NO IDEA what a hedge means or for that matter, the importance of realizing a capital loss in a volatile tax year. GLTY

Question - for your next spin...are you going to profess that nobody chooses the FIFO Method of Tax lots/accounting ?