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Surklyn

01/09/10 12:48 AM

#6267 RE: Brock69 #6266

I agree. This stock is going to take time, but when it does it will soar. Don't forget Gambit. You cannot re-invest in this stock within 30 days, or you cannot claim your loss on your taxes. Which means, you may actually miss out because your "gain" will not be offset by your loss - in effect your loss is completely cancelled. This is what's known as a wash-sale. By selling your stock now, you MAY ( I actually think it will take longer) have missed the potential uprise with the financials coming out. There is a high probability that your sale of stock in this company will not be 30 days before the financials come out (and thus "HOPEFULLY" we see a nice rise).

Thus, my suggestion is to wait till at least mid-february to invest in the stock again, (at least 30 days) so you can claim your loss on your taxes next year. Otherwise they are void, and you'll probably end up eating it in the end..:(