Replies to post #74118 on Livewire Ergogenics Inc (LVVV)

[jrf30]

You try to sound smart, but your advise is terrible.
"Only an amateur sells when the stock is worth 1/10th of what you paid for it. The money is gone so why sell"
Actually, it is SMART to sell if you are down by 90%. Example ... you buy $10,000 and it isxworth $1000. If you hold, and it DOUBLES, you have $2000. If you sell though, you have a $9000 loss. At a 35% tax bracket, you reduce your taxes from other gains by over $3000. Better than a $1000 gain.
So to say only amateurs sell is TERRIBLE advice. But nice try, trying to sound like you knew what you were talking about. Wrong... but nice try.