Replies to post #34863 on First American Scientific Corp. (fka FASC)

[beischens]

Is this what one might call End Of The Year Tax Loss Selling?

850,000 @ .015 = $12,750

Lets say this was an old time invester, ... really old.

(No WAIT, I am not referring to you. This is hypothetical)

and his average cost for the 850,000 was a dime.

85,000 - 12750 = $72,250

Would he be able to claim $72,250 as a loss against capitol gains?

Just curious.