Saturday, January 18, 2025 11:10:49 AM
Hi J-V,
I read your post with much interest. I owned about the same number of shares in a company called Virtual Sellers Dot Com. That one ended up being a six-figure blowup. Might this be the same? I would be very interested in talking to your broker sometime.
I had three situations like that happen to me. The problem was, I started trading in the old days when the adage "buy and hold" was well-placed advice. Also, my inclination to avoid short term capital gains because of tax implications prevented me from selling. I ended up failing to take my gains on the last two due to that issue. On the first one, I took my gains because most of it was in my traditional IRA. Then the housing bubble hit, and everything went to hell. If that "explosion" could happen again, it would be great vindication for me.
Thanks for your comments. Please keep them coming.
BB
I read your post with much interest. I owned about the same number of shares in a company called Virtual Sellers Dot Com. That one ended up being a six-figure blowup. Might this be the same? I would be very interested in talking to your broker sometime.
I had three situations like that happen to me. The problem was, I started trading in the old days when the adage "buy and hold" was well-placed advice. Also, my inclination to avoid short term capital gains because of tax implications prevented me from selling. I ended up failing to take my gains on the last two due to that issue. On the first one, I took my gains because most of it was in my traditional IRA. Then the housing bubble hit, and everything went to hell. If that "explosion" could happen again, it would be great vindication for me.
Thanks for your comments. Please keep them coming.
BB
Bullish
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