Replies to post #72605 on Medinah Minerals (MDMN)

[BigBaboon]

Here's how it works:...

When one has large gains on stock sells... and they don't want to pay capital gains tax on the profits... they will find a stock in their portfolio that will give them a loss if they sell... so they sell it and get to write off the amount of the loss against the gains made on the other stocks...

Then if they still like the stock they sold for their loss... they watch and wait and get back into it when they feel the price is right... as long as they wait at least 30 days before buying back in...