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Re: holter post# 40920

Wednesday, 10/20/2010 1:16:29 PM

Wednesday, October 20, 2010 1:16:29 PM

Post# of 105535
This strategy obviously isn't for everyone...

But take Pitman33 for example.

He bought in on Jan 8 @ .0197.
See post #19101
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45316626


He could sell his 1M shares @ a loss of $15,700 and take that on his 2010 taxes.

He could then buy back in thru a ROTH IRA and when this goes up enjoy tax free gains!

2X the bang for his troubles!!!

1000000 @ $0.0197 = $19,709.99 (based on $9.99 comm @ etrade)
1000000 @ $0.0040 = $4,009.99
LOSS $15,700.00

then when this hits $100/share (tax free!!!)...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53259827

I can wait 5 years!!!

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