Replies to post #20053 on BioRestorative Therapies Inc (BRTX)

[fojcol]

Sure they can buy back in... anytime! lol! If they buy back within 30 days after selling for a loss, the cost basis for the second buy remains the same as for the first. This only matters for tax purposes, so people can't sell on Dec 31, take the loss for tax purposes, then buy back for a similar price Jan 2. Just another way the government screws us!

[tchalla]

lol it's a wash sale rule. and yes, you can buy back in. you just can't deduct all of the loss from the loss sale. roflmao i cannot believe how many traders out here don't know what they are doing. my goodness.