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Re: KansasCrude post# 440

Wednesday, 03/06/2024 10:43:55 PM

Wednesday, March 06, 2024 10:43:55 PM

Post# of 461
Kansas,

I understand your issue. The fact we are a very small group of investors (about 107 to be exact), we cannot move the market in "OTC LAND" simply because the market makers will eat our lunch with small sales while we try to bolster our positions. Jason has explained to us his reasons for not wanting to move up to the NYSE. Most of all is the danger option traders place on the stock. Besides, the big Gold producing companies (Barrick down about 10% in the last three months; Newmont down 15% in the last three months), are suffering along with us. Only in the past two days have they seen a turn to the upside in their stock price.

Maybe the way out of your tax issue is to use the "IRS 61 day Wash Rule. (Please look at IRS Publication 550 for guidance). It is usually done at the end of a calendar tax year but applies really anytime. It appears FTCO will be stuck in this trading range for another 90 days so the risk of selling should be low. It is only an idea and not advice. but offsets are really helpful sometime.
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Total Trades:
  • 1D
  • 1M
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  • 6M
  • 1Y
  • 5Y
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