Replies to post #2197 on SLEEKSCAPE'S 2022 CANNABIS & MARIJUANA MANIA GRAND

[aileninvader]

Here is what you were talking about for your 30 day rule.....
http://finance.zacks.com/30-day-rule-buying-selling-stock-2065.html

The wash sale, I believe, is only goes into affect if you are trying to sell as a tax loss and then buy them back after you take the tax loss. Say you sell xyz on Dec 22 at a loss and then buy it back on Jan 4. The wash rule would come into affect. This is a very simplified example.

I believe you can buy a stock back at any time if you sold it for a profit, as you were describing in your post. IF you were really savvy, which I am far from, you could sell it for a profit, short it, cover it, then re-buy it. You'd have to be really good or really lucky, again I am neither. :)