Replies to post #52989 on DNAprint Genomics (DNAG)

[pennyking63]

I found this article timely that could shed some light on what's going on. Especially the following part seems interesting:
"Don't get too spooked by the tax loss selling effect. In a lot of cases, the penny stocks that got hit in December will spring back to life as soon as the New Year's hangovers clear up"

[usmc8993]

Thanks. How much can a business claim? Moreover, are you saying that investors and companies are selling? I hope that the selling will stop very soon. You know, Hindsight is 20/20 and that said I should have taken my gains and paid off my house and truck instead of putting it back into plummeting stocks. Live and learn. I'm afraid my losses won't be enough to counter my gains much except for the next few years.
Again, thanks for your input. Happy Holidays.

[dr frudaky]

pennyking63


Your rationale only holds water if those who dumped this pig for a tax loss are willing to buy back again after the 30 day "wash sale" requirement. So you really think those investors who sold will immediately flock back and repurchase those shares? Even if they do, and I do not think they will, that repurchase might cause the pps to return to a mind boggling subpenny .008, but I would not bet on it. I see the pps breaking below .006 before the end of the year, after which the company will have no choice but to implement the second r/s (potentially up to a 1 for 1,000 conversion) in order to secure the necessary toxic financing for keeping the doors open in Sarasota.

JMHO

dr f

[jever000]

Exactly!

[jever000]

Thats why i say December is a good buying month for dnaprint...we will bounce back in JANUARY..........