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Wednesday, 09/14/2005 9:34:02 PM

Wednesday, September 14, 2005 9:34:02 PM

Post# of 45771
Scarednomore,

In reference to your question on TCL board:

It's not a bad idea at all to sell for a tax write-off. Course a PP holder and chief cheerleader like KidStewart may not agree.

Back in the Loch days after the big pump-n-dump the PPS slowly but surely went from around 4 bucks (after the 2 day peak at 6) to 2 cents. Investors that bought in for pennies had a couple months (minimum) to get out in the 2-3 dollar range and make a handsome profit. I'm sure you remember this.

Most did not because they listened to the manipulators that were doing everything they could to make people hold long. There was always good news just around the corner and people were afraid they'd miss the boat if they cashed out early. At the same time, the insiders were making millions as they slowly sold off their dirt cheap shares into the market at (still) ridiculously inflated prices.

Holding long was a suckers game and it still is IMO.

I recommended selling for a write-off over four years ago and guess who told me it was a bad idea? Nasfan! LOL!! It turned out to be a very good idea for me (I won't speak for anyone else, but I'll bet [sorry scared] it would have been a good idea for Nasfan too)) I sold off my Loch stock in the range of .08 - .16. I made more money in tax write-offs then the value of the stock. Could I have bought back into CDEx and increased my position ten fold at a much later date? Yep, but I won't do business with people I believe to be crooks.



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