Replies to post #5927 on Cel Sci Corporation (CVM)

[Foxwoods Man]

For example I sell for loss of $30,000.00 and the PPS goes back to original investment there is no loss!!

For tax purposes it is a non-offsetting loss and can't be used against any gains (assuming you buy back within 30 days..if not then it works). For portfolio purposes you would have made your "loss" back.

My problem is that I am an investor not a trader. If I believe that this company has the potential to be successful and get to the $4-10/share level in the future I will not look at ANY opportunity at this level as a time to sell. I look at it as a time to add to my position.

What if it DOESN'T get to a buck? It hasn't been there since the beginning of February. Is the company in that much worse shape now than they were back then? Yup, they sold some shares...kinda expected that....and they have added more enrollment sites and patients.

IF it gets down to a buck then you (and others) will be starting a position and I will be adding...that is a very big IF considering that arbitration decision sitting in the wings

..and...welcome to the board. It's great to have more opinions..

[learning curve]

Agreed. But, I didn't know both would count...if she continued lower?

[Foxwoods Man]

True if it goes back to original investment!! You break even!! Why would you get a tax loss you made it back up??

Say you sell 10,000 shares in DORK at $1 that you bought for $2...you have a confirmed $10k loss for IRS purposes...this does NOT ever change in the eyes of the IRS. It IS a loss and can offset any gains in your portfolio...IT is NOT affected by any future transactions. (not talking portfolio gains/losses..only IRS)

If you then buy DORK back at $1 in a week (less than 30 days) and it goes to $2. You then sell and confirm a $10k GAIN with the IRS....the gain IS taxable and is NOT offset buy the previous sale. Your portfolio will show a net change of ZERO (started at $2 and now at $2) but you will owe taxes on $10k which is not a good thing. (Wash sale rule)

Now if you can wait 30 days to buy back DORK at a buck and then sell at $2 your "loss" will offset your "gain" and you will have no tax consequences with your $10k "gain"

Again, not talking portfolio gains/losses...just IRS facts