InvestorsHub Logo
icon url

ahab333

04/06/17 1:12 PM

#13228 RE: Everest1 #13224

Everest, your not wrong at all but even though those trades reflect Dec 2016 sales, traders need money to pay the taxes on their gains or losses so that is why IMO, a lot of stocks are showing losses because they have to sell to have the money to pay for those taxes on their returns - GLTU

HCIT
icon url

d0lphint0m

04/06/17 1:13 PM

#13230 RE: Everest1 #13224

Paying the taxes. When you file on April 15th or even get an extension you must pay what you owe for 2016.
icon url

Cynmark24

04/06/17 1:15 PM

#13231 RE: Everest1 #13224

Everest is quite correct, pertaining to taking losses. As far as raising money to pay income taxes due next week, I think that's very subjective. One can sell their losers or take gains, or sell anything they own, or just pay taxes out of their savings account.

It appears that the shareholders have been misled big time by the company. They love the money shareholders bring to support the operations of a company, but they don't like to have to answer to them for their actions. Same old story.

I think the silence has gone on too long. Paranoia sets in and the price collapses.

Misiu, you are a very intelligent and sincere person, but I believe you have been misled.

One should never invest money they can't afford to lose, and for that reason I am staying long as opposed to bailing out.

Pearsby, why are you staying long?