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chumppunk

09/02/20 1:02 PM

#113455 RE: Evil Rabbit #113447

Evil Rabbit- Flipped long term tax gain shares into short term tax gain shares. Still holding short term shares, 80% qty. Never hurt SP, never bash it. Looking back most would do the same with a chance. Profit and tax wise and future poisition wise..... show me a better scenario.
Seems if I extend acceptance with differences of opinions with some posters it doen't suit well. That's not a self-expressed society, back bone of feedom/respect of others opinions. Don't struggle with it. Same is when I cut my tax check to the IRS at years end I'll be claiming a few here as dependents.
Good luck!
Chump
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Grip it and Sip It

09/02/20 1:53 PM

#113475 RE: Evil Rabbit #113447

Rabbit - I know that these posts can sometimes lose context. As for Chump, I've personally valued his wisdom and patience over the years. He is a long-term Paulsen investor, I believe. I know several that were willing to de-risk when the price was soaring. Truthfully, I wish I had sold higher but the euphoria of 20% day over day growth was exhilarating and lesson learned.

What Chump did is precisely what I've done. It's always been about accumulation of shares. For example, I sold 12K shares at 3.99 hoping to buy back at $3. I could use that money to acquire 16K shares, waiting for the rocket launch. I don't telegraph that for any other reason to show some of the newbies that we can strategically flip and not be a "short"...rather the opposite.

Anyway, I have a smaller core amount and waiting for the CC to make a move. If I have to buy back at a premium, so be it. As of now, I'm ahead of the game at 3.99.

All the best...

Grip