Friday's Close at $0.0055 was the Lowest copi Close ,,,
IN MORE THAN 1 YEAR. So, absolutely Every long ,
who bought + held Any copi's , Anytime in the last Year ,
is sitting on a very nice Tax-Loss.
We estimate , based on the 'dollar-weighted-volume' ,
for the last year , that the average copi-holder now has an
available 75% Tax-Loss , if they sold All of their shares.
And, ~50% have a 90% Tax-Loss , if they just sold their
highest-cost shares , for which they paid over 3.5 cents ,
and as high as 11 cents.
To us , it makes good sense to flip-out of all copi's, before
the end of 2008 , and collect the Tax-Losses. For those who
still 'believe in' copi , just buy-back 31 days later. The
price will probably be lower anyway , since copi has done
nothing but 'trend down' , since the pump to 11 cents last
January. And, we expect a flood of extra Tax-Selling next
week. So, there is nothing to lose , and plenty to gain.
For example ; the average copi-holder , who sells $1000 of
copi's , before December 31 , probably paid at least $4,000
for them , and some paid up to $20,000 , for the highest
cost shares that they are still holding. If we were ever
long in copi , we would sell All shares , with a 'cost-basis'
above 2.2 cents [which is 4x Yesterday's closing price].
Then, our average-cost-basis of the shares we would sell
would probably be ~5.5 cents. So, we would have a Tax-Loss
of ~$9,000 ; some long-term + some short-term ; and get a
cash tax benefit of probably 20-30% ; assuming 15-25% Federal
Plus 5-9% State Tax , for the combined Long + Short Term
losses.
Let's just use an average of a 25% Tax Benefit , Times the
$9,000 copi loss , giving us an extra $2,250 in cash , when
the refund checks arrive. PLUS, the $1,000 that we got from
the sale , Before December 31 ; giving us ~$3,250 , to buy
back More Than 3 Times As Many copi's ; and even More , if
copi just continues its year-long down-trend.
extra , Sincerely .
P.S. ; Anybody who does not follow , or believe these Facts ,
should hire their own Real Tax Professional , for about 20
minutes [for less than $100] , and learn how they play this game.
P.P.S. ; Have ALL your copi cost info , and All other 2008
stock sale info Carefully Summarized In Total Detail , BEFORE
the ~20 minute meeting with the Tax Expert. Otherwise, it
will take Much Longer than 20 minutes , and cost more than
$100 , and the 'Advice' will just be an 'educated guess' ;
[just like all of the above , which was our Free Christmas
Gift, to All copi longs].
GLTA ; and , for those who keep saying that 'only $3,000
per year of losses are allowed' ; That's Only True For Those
Who Have No Other Capital Gains and/or Dividends , of Any
Kind. If that is the case , we suggest that you spend the
$100 on Stock-Trading Advice From A Successful Professional ,
and forget about hiring a Tax Expert. For those who must
keep 'trading' pinkys + pennys , we suggest hiring anyone
who is an expert in 'Off-Shore Shorting' , [like we did].
AI
