Replies to post #431432 on Fannie Mae-No Politics (FNMA)

[tonruf]

How 70k would become 140k? Need to pay Uncle Sam short term capital gains @49%

[Steelhead9]

Even if you want to keep a core position, its stupid not to trade something when it pops 20% in a week.
Sell a third of your position or something, dont miss the ride.

Do you not sacrifice some of those gains due to short term Cap Gains treatment?

[ReadyToRumble]

I subscribe to this methodology 100%. Well, 20-40%. Ha!
The key is diligently holding a reasonable core amount that would keep you satisfied should the stock blast off (just like Cringe points out). Me? I prefer to hold a base of 60%-ish, and trade 20-40% on the pumps and profit taking.

[contrarian bull]

even if you buy at 2.6 like i do, and sell at 3 + , at minimum you make 24 % each time

Similar to my strategy... I buy on a 20% drop, sell on a 25% gain. But at various price points.

Problem is - doing this for a while and due to FIFO accounting, I have run out of my pre-Conservatorship shares which had HUGE losses. Now I'm selling my 29 cent shares. Ouch on April 15th.

Maybe Along4Z will be right and I'll have some nice losses to offset these gains like he does, but I fear my tax liability will just keep going up.