Replies to post #10013 on Solar Integrated Roofing Corp (SIRC)

[Liberty777]

Doesn’t make sense to me either unless they WANT to pay the taxes this year.

[Liberty777]

Then again, if they are trading the dips and spikes, it’s just another day.

[uksausage]

One potential reason..

if it is your only profitable stock then you can sell to use up some of the tax loss you have made so far!

then wait 30 days and buy back in or buy something else


I actually entered SIRC as a result of selling some of my largest holding which is up 1000% since my initial "draft" P&L for. the year showed a loss due to exiting one OTC candy company with a > 90% loss.

used the profit to cancel out my tax loss (so now neutral) and diversified portfolio by buying SIRC.

[Duddley]

If they happen to be using a ROTH or 401K account it doesn't make any difference when you sell it.

[ALDACON]

A stock is only good if you can sell it, you can hold a million shares at .25, trying to sell it is a different story, days like yesterday come rarely for these Orc stocks, only longs hold them. Being rich in paper is different then being rich in actual cash. It's called bag holding for a reason, stock you can't sell is worthless at any price.

[beachbumjeremy]

I don't know that answer for sure. but I do know that when I was reading about how people day trade, many of them have a specific set of rules they follow for themselves so they don't lose their asses. One of the more notable rules I remember, was selling when they meet their daily goal regardless of how well the stock was doing or where they thought it might go. Maybe that's part of the answer?