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Re: RockoTaco post# 130338

Sunday, 07/25/2021 8:09:53 PM

Sunday, July 25, 2021 8:09:53 PM

Post# of 140464
It does you little good to wait as when it hits $1.18, you and maybe 5 others will take a loan out to buy more (fresh powder). Most sane folks will use their sale proceeds to buy back at lower prices to obtain more shares...here is that example:

Dump 10,000 shares at $1.62 on or before 8/19 - collect proceeds of $16,200 and harvest some losses in so doing.

Then use that $16,200 (actually $16,240 with some money market interest) to buyback shares (on or after 9/20) around $1.18 and have 13,762 shares to then hold for the tuck-in BO. Ya get the tax loss and have an extra 3,762 shares when that $8 BO PPS hits !! Wife will even thank you for not taking more out of the kids education fund too. UMMM - she knows that first 12 grand is gone forever !

#1800Gambler