Replies to post #2189 on BioPharmX Corp fka BPMX

[The Law (f/k/a emz)]

Thanks friend and I am fully aware of my alternatives. I tend not to flip, as ordinary gains are almost meaningless to me after the tax man- I don't need any more "ordinary income"- that being said, I do trade quiet a bit and I am not perfect, so on those occasions where I do take a loss, flipping for a short term gain which is offset by the loss taken will make sense- I just try not to make a habit of it. I'm going on year 35 of trading and have shared enough of my winnings with Uncle Sam, LOL

[WallStreetSTTA]

Question on FIFO AND LIFO

Let's say you bought 100 shares of BPMX @.20 the PPS falls to.09 you decided to average down so you buy 50 shares @ .09 in the same account. your overage is now around .18 but you're still in the red. The PPS spike to .12 and you decided to flip the 50 shares for that .03 profit...that would be LIFO? CORRECT. my question is? ain't that a wash sale?

TIA.