REAZO - your LT / ST tax implication grasp looks correct. LT gains are more favorably taxed but that is a chance one would take to do the tax loss selling this year. I want to sell my ST losses within the 12 month window to offset other ST gains I have in other investments. Remember, my strategy is to only sell two of my lots, those with high cost basis. I am keeping my lots that have buy points in the 4's, 5's, 8's and 10's...
Why do you think there may be a big SP increase next spring? I thought the long awaited buyout was out in 2010 or there abouts??? I am hoping that a Collins lease drill program would get some favorable results and the SP could move up based on some nice revenue from production. But starting at .037 a share, do you think a 400% gain is realistic to put the SP back in the mid teens based on drill results? Maybe a perfect storm of lease sale PR, insurance settlement, new well completions could cause this... That would be a very nice event indeed!
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