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Re: d-trdr post# 65850

Thursday, 06/13/2013 1:00:35 PM

Thursday, June 13, 2013 1:00:35 PM

Post# of 797187
Wrong, it is a great idea. The flaw in your thinking is that you are assuming that the repurchase is for the same amount of SHARES, and not for the same amount of MONEY. If you sold now and bought back in at 1.50, you would have accumulated far more shares and that would heavily outweigh the taxes you would have to pay. Regardless, this would only work IF shares dropped to 1.50 and you managed to get filled at that price. We all know FNMA won't drop that low, it wont break the 50 RSI on the daily.