News Focus
News Focus
icon url

richard the Realtor

12/07/10 1:03 PM

#69289 RE: SATELLITE #69288

You got that right SATELLITE.
icon url

OTC BB King

12/07/10 1:21 PM

#69290 RE: SATELLITE #69288

What was the year end pps last year? If it was higher, we may see tax loss selling, if it was lower, we probably will not IMO.
icon url

sjframe

12/07/10 3:26 PM

#69295 RE: SATELLITE #69288

Yes - tax time again - just remember folks that in order to realize your capital loss you must wait 31 days before buying in again. If you are long then you have to ask yourself if it is worth the long/short difference in capital gains if/when CPRK comes back to life.


Decisions Decisions.....
icon url

RDG013

12/07/10 10:04 PM

#69299 RE: SATELLITE #69288

SAT, keep in mind that anyone following closely enough will thnk twice before selling, especially right now for a tax loss. There is far too much that may happen in the next 30 days that could send the PPS into orbit, so selling for a tax loss now, could make it impossible to buy back prior to these events. It appears we have some real potential with the Hong Kong people and if that goes through, we could very well be golden.

That being said, of course there is a chance things could go terribly wrong and the offers that are being readied could fall apart and shareholders end up with nothing. Well, anyone that is betting on things going this way, would probably want to sell now to preserve capital, rather than sell for the tax loss.

So, my guess is we do not see a huge outflow of shares for tax loss sales.