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Posted On: 11/14/2017 1:57:29 AM
Post# of 15624
I believe that if you wanted to sell the shares you own, with regard to the wash rule, if you can afford it, purchase that many share before the end of the month of November, then sell that many shares 31 or more days later. If you're lucky, the share price will rise during the 31 days in which you doubled your position, if they don't, you may have a slightly larger loss.
You can do it the other way, where you sell your shares and wait 31 days before repurchasing them, but of course if the share price goes up during those 31 days, it will cost you more to buy the same number of shares, or you might purchase fewer shares with the cash you received.
Frankly, their is time to here what's in the next quarterly before acting, I might wait to see what they have to say.
Gary
You can do it the other way, where you sell your shares and wait 31 days before repurchasing them, but of course if the share price goes up during those 31 days, it will cost you more to buy the same number of shares, or you might purchase fewer shares with the cash you received.
Frankly, their is time to here what's in the next quarterly before acting, I might wait to see what they have to say.
Gary
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