"Any true long would be a fool to decide that now
Post# of 43066
Posted On: 11/25/2014 3:30:24 PM
"Any true long would be a fool to decide that now is the time for tax loss selling."
I think we've heard that every single year so far. The obverse of your statement being that the smart longs held the stock through all the losses.
Of course for those who can't bear to live without PTOI stock just in case a sale or licensing occurs, they can always double down now and then sell their original stake at the end of the year. That would meet the 30-day holding wash sale rule for tax losses while preserving ownership.
For example, a person who sells PTOI shares which they purchased at $6/share and who is in the 35% federal plus state tax bracket with offsetting gains and income, would get $2/share back when they file their income tax returns.
Just think of all the extra PTOI stock investors could buy with that tax refund and how much further they can average down.
See??, this site even comes with free tax advice.
.
I think we've heard that every single year so far. The obverse of your statement being that the smart longs held the stock through all the losses.
Of course for those who can't bear to live without PTOI stock just in case a sale or licensing occurs, they can always double down now and then sell their original stake at the end of the year. That would meet the 30-day holding wash sale rule for tax losses while preserving ownership.
For example, a person who sells PTOI shares which they purchased at $6/share and who is in the 35% federal plus state tax bracket with offsetting gains and income, would get $2/share back when they file their income tax returns.
Just think of all the extra PTOI stock investors could buy with that tax refund and how much further they can average down.
See??, this site even comes with free tax advice.
.
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.