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Re: PennyStockInvestor post# 11782

Wednesday, 12/04/2013 10:50:35 PM

Wednesday, December 04, 2013 10:50:35 PM

Post# of 16555
I have no clue. I guess it depends upon who wants to unload how much. I think the tax loss mechanism works this way.

Suppose I have 3 stocks and one of them is BBRY. And suppose that the rest of the 2 stocks are doing very well. In this case, if I am pessimistic about the future of BBRY, I'd probably sell BBRY so that the income generated from the 2 other stocks will not have to pay the same tax if I did not sell BBRY and kept it. If I keep BBRY until 2014 and sell it eventually for a loss, I'll not be able to claim the tax loss this year. In the name of performance, I've read that fund managers do this kind of things. Hope it helps. I do not think individual shareholders will make any impact. Also read that 90 per cent of the fund managers eventually lose in the long time frame as they're playing with other people's money. The worst that can happen to them is- they get fired.
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