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penny chaser

04/18/16 9:59 PM

#16818 RE: tqipres #16817

BS
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Forever Long

04/18/16 10:26 PM

#16823 RE: tqipres #16817

Tax loss trades happen when the stock is at it lowest 

Edit: For you and me, we time it in december to find the worst performing stock to save our 2500. For a corporation they can do it anytime as you pay taxes on you net profit at the end of the year. If SUNE goes up, he wont pay a penalty, unless he sells it same year. And even if he sells this year, he pays no more than what he would have paid if he held it. Also, I saw news today that Einhorn's portfolio is green in spite of SunEdison's losses. I see sale of the stock as good opportunity to save on the taxes he would otherwise pay on earning from rest of his portfolio.

From Coffey on Prosperous Thoughts.
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tropicomfs

04/18/16 10:59 PM

#16833 RE: tqipres #16817

If Greenlight has a seat on the board, they know the whole story. If BK, the stock tanks and their loss is curtailed....insider info?