InvestorsHub Logo
icon url

know_new_taxes

11/08/06 2:06 AM

#48222 RE: Jimmy Quick #48220

Those who have had a good year in other stocks may be looking to offset some of those gains by selling HISC. To avoid a wash sale, the IRS requires that you not buy the stock within 30 days of the sale (that's 30 days after AND before). There may be some selling pressure in December, as well as some buys in January as the believers get back in.

Naturally, if I do it they will announce a deal with an automaker 29 days later.