100% Agree with the great advice...
Quote:
"HIT THE BID! You can sell all at .004 and
deduct the losses on your taxes... How nice is that?"
Can't argue with that.
So far , copi is already Down 95% this year .
Most longs are sitting on Huge Potential IRS Refunds ,
but only if they cash out of their Huge Losses ,
before the end of this month.
We expect the tax-loss sellers to start this week ,
and continue to accelerate through Dec. 31 , 2008.
Especially if they are quick enough to qualify for
a short-term tax-loss ; which is worth 25-35% CASH ,
paid back from the IRS. That's more than 5 Times
the current 'value' of copi.
If they let their losses go long-term, they are only
worth a 15% cash give-back. That's like throwing away
half of their IRS refund.
extra , Sincerely .
P.S. ; Just check with your own accountants. They usually
recommend dumping of massive short-term losses , starting
right after Thanksgiving. Usually, by the last half of
December , the massive losers , that are already down ,
more than 50% this year , will be down another 50%.
P.P.S. ; If the daily volume doubles from the recent average,
that's a confirmation of tax-loss selling. [We've already
placed our sell-orders , trying to beat the other shorters.]
Averaging-down is profitable, for shorters, only.
