Wash sale rule only prevents you from selling shares at a loss and repurchasing shares in that same company within 30 days of the sale AND claiming a loss on the sale of shares. If you do not claim a loss on the sale, there is no wash sale rule issue even if you decide to repurchase within 30 days. If you do sell AND want to claim the loss, you are out for 30 days before you can repurchase.
Although I do not agree with the strategy to get out now and wait for a better entry point, it is a valid approach. I am not so good at timing stocks and the risk of being out on 23/1/2015 IF GE makes some kind of indication about Auburn and Honeywell announces a contract etc etc, are all enough to justify for me an approach o buying a technology I believe will occupy a central position in a manufacturing sector that has so much upside potential over a period of years that I just buy and accumulate as I can. Less stress. No worries about wash sales. Do not create an absolute identity between Sigma Labs technology and Sigma Labs stock. Long term the technology will arrive (or my shares will be worthless) and short term there will be volatility. Some of my shares will be less expensive than others...and hopefully they all will be magnitudes more expensive when I finally decide to let some go.
patience and GLTA
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