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Re: DiamondNebula31 post# 175759

Tuesday, 06/25/2024 6:39:02 PM

Tuesday, June 25, 2024 6:39:02 PM

Post# of 177017
Selling stock and immediately repurchasing it resets the clock on being considered long-term capital gains versus short-term. Tax implications of which one it is is huge. You should be considering keeping a small portion of your shares long-term because the giant bucks will be made when this is bought out and that won't be this year. I consider shares that are 'long-term' much more valuable than shorter-term. Given I do first in/first out, selling shares means I lose long-term shares.

Another thing to consider is whether your sale and repurchase is legal. If you do sell and buy back make sure you only do that on stock you have a profit in. Otherwise it can be considered a wash sale.

Given they did not have to PR the submission of their second BDE application I think it is safe to assume they don't legally 'have' to file an 8-K for submitting an IDE. But at this point when they have been telling us over and over they will submit this quarter its a no brainer they will tell us. We can wait to see if they submit an 8-K, do a PR or just post on X is up to them. So my guess is no one answered your questions because they didn't find it interesting/engaging to answer.
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