(Total Views: 441)
Posted On: 11/30/2017 4:09:29 PM
Post# of 75425
huge bullish reversal with big volume backing it!
One thing came to mind is that the 30-day wash rule for tax-loss selling is ending now. the ones that wanted out to get that 'write-off' are done, tomorrow being the 30th.
Per google:
What is the 30 day wash rule?
If you sell a security at a loss and buy the same or "substantially identical" security within 30 calendar days before or after the sale, the loss is typically DISALLOWED for current income tax purposes. This is because of the so-called wash sale rule.
ONWARD!
One thing came to mind is that the 30-day wash rule for tax-loss selling is ending now. the ones that wanted out to get that 'write-off' are done, tomorrow being the 30th.
Per google:
What is the 30 day wash rule?
If you sell a security at a loss and buy the same or "substantially identical" security within 30 calendar days before or after the sale, the loss is typically DISALLOWED for current income tax purposes. This is because of the so-called wash sale rule.
ONWARD!
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