InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,616.84
(
-0.32%
)
US TECH 100
19,013.60
(
0.00%
)
Dow Jones
41,240.52
(
0.16%
)
Brent Oil
80.19
(
-0.10%
)
Bitcoin
62,900.01
(
0.04%
)
Post# of 298910
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

MODiFiEDZ

Send PM Follow Ignore
Followers 137
Posts 3593
Boards Moderated 0
Alias Born 09/10/2013

MODiFiEDZ

Re: None

Saturday, 01/11/2014 4:06:50 PM

Saturday, January 11, 2014 4:06:50 PM

Post# of 298910
It's almost not worth it to flip (or trade) unless you are getting 40-50% or more shares for free. If you only get 20-25% more share by flipping you are still in the exact same boat because of the 40% tax for STCG.
Add that to the risk of not "knowing" if the stock will tank 50% or not, you could very well get left behind.
A solid stock like MYEC I see no reason to flip because it certainly has a bright future. I could think of 50 other tickers that are much easier to flip (more volume) with much more profit potential making it actually worth the higher tax rate.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up