Replies to post #76083 on Sulja Bros. Building Supplies, Ltd (SLJB)

[murph87]

twoeggs - very informative and helpful. I'll definitely look at those options and hopefully this thing is rolling on NASD by next year.

[oreodiamonds]

Twoeggs I believe the IRS rule on selling shares is on a FIFO basis, i.e. the first shares purchased at a lower price are the shares that get sold 1st.

However, I believe you have the right to select specific inventory to sell but are required to notify the broker when selling. Now that most transactions are electronic, I believe prior to setllement, you can notify your broker who will state on the sale the specific purchase date.