International Power Group Ltd (IPWG)

[lotterystk]

A couple of years ago I sold some IPWG for tax loss and bought it back at the end of the next January. Those shares had been bought in the $1 to $1.50 range and the tax loss was substantial and worth it. I knew IPWG wasn't going anywhere in those thirty days and I didn't want a wash sale consequence of buying it back earlier.

Now, I feel there might not be much benefit tax loss wise on this and do you want to wait 30 days at this point to buy it back? At the prices people have bought lately, they would have to put a million+ shares out there to even make a decent tax loss. Even if I was holding all those $1+ shares, I would think twice about getting out now. (I still have a few...)

Just a thought. I don't expect much tax selling.