To sell or not to sell, that is the question The
Post# of 1023
Posted On: 03/14/2016 7:19:11 PM
To sell or not to sell, that is the question
The following post is based strictly off of my opinion. This isn't investment advice, this isn't fact, I could be wrong; in fact, go into this post telling yourself that the writer is completely wrong. Did I mention this, and every post, is opinion only and not fact?
Hey, one more time..THIS IS NOT INVESTMENT ADVICE!
Anyways.. the reason I'm not selling right now is capital gain tax outweighs my belief that SCIE will hit much higher than what I am thinking it will reach. How do I know this? I don't. This is all opinion, remember?
The DD that I personal did on this company shows me there will be sales of the WavSTAT4 either in this 10K or a soon to be released SEC filing. I don't even need to see a sale. Just show me progress. That's all I really want.
So back to my original thought..
Everyone has personal investment strategies; and they all must be respected. Some people only want to invest to make a few dollars. Others have visions of millions. Still others have no clue what theyre doing and hope for anything better than their initial investment.
Did anyone notice todays candle is a shooting star? The past 3 days have been very volatile. Even I thought we were going to have a pullback in price a day or so ago, and man was I wrong. This thing keeps going up and up and up. We all know a pullback HAS to occur at some point. and if we are in this for the long haul, it doesn't really matter if its tomorrow or in a week or in a month; because sooner or later, its going to happen. It simply has to. No chart goes up without at least one red day. Simply impossible.
So, was it a good idea to sell today at around .008? Sure it was. If that's what people believed was best for them, then they made the right decision. Digging further though, if someone sold today with the notion of getting back in at a cheaper price, and we know the lowest this stock went was around .0008, selling at .008 might not have been the best idea in my opinion (MY OPINION. NOT financial advice) and ill tell you why.
If someone owns 5 million shares and wants to flip with the intention of getting back in at a lower price; GREAT! But wait a second..
5 million shares purchased as .0008 cost $4,000.
Ok, nothing wrong with that.
Selling 5 million shares at .008 earns you a whopping $40,000 profit! WHOO HOOO! that is amazing no matter how you look at it.
But.. if you have the expectation that this thing is going to drop in price to around .0055... plus you have to take into consideration your shares are more than likely a short term position; you have to pay taxes on your profit as ordinary income. So..if you make $60,000 a year from your job, you have to tack on $40,000 to this which means you get taxed on $100,000. Doesn't sound too bad, but look at it this way.. It all depends on your tax bracket, so these numbers WONT be exact..
if you get taxed at 25% for ordinary income, if you didn't sell today at .008, next year when you do taxes, you would have paid $15,000 in taxes (minus any incentives; these numbers aren't exact). But because you sold, you get taxed 25% on $100,000 which equals $25,000 in taxes.
Still though, not too bad. You still made a pretty profit. But.. hold on again..
If youre taxable income is $100,000 (including your $40,000 profit), you got taxed 25% on it.. exclude your income salary and see how much you have left:
Next year, youll pay $25,000 in taxes. You made $60,000 at work (most of which will have already gone towards bills and living expenses). You made $40,000 in profit which means when push comes to shove, if you label $60,000 as income, you actually only made $15,000 profit from your sale.
And if you reinvest this year, any further increase (after a dip in share price), youll have to pay even more taxes on those earnings when you sell again! So if you want to re-enter SCIE at .003 and technically speaking, $25,000 of your earnings from today cant be touched because it has to go towards taxes, and $60,000 isn't really 'available' because you earn it over the course of the year, you really only have $15,000 to spend. And if you make a new position in SCIE at .003 with $15,000... guess how many shares you get?
5 million!! Its the same amount as when you started!! You paid taxes on shares that you had prior to selling! And that's IF you make $60,000 a year.
Hey! THIS IS STILL OPNION! NOT INVESTMENT ADVICE!
So, my unofficial rule is.. Part 1: if I buy at .0008, don't sell unless I believe the company is going nowhere (even if its at a significant loss; because if you invest $10,000 in a company and the company dies, its better to take the loss of $9000 than your entire $10,000 investment, right?) Part 2: If I believe the company is going to succeed (which I believe at this moment SCIE will, don't sell unless it gets to .08. And then Part 3 of my rule: Don't get back in. Instead, invest in another company which I have heavily DD'd.
So yes, this is all my opinion. Again, NOT FACT. Just an opinion. Selling right now isn't worth it to me; it may be for others and that's wonderful; but for me.. nope.
And lastly, as I mentioned above, today was a shooting star. Shooting stars are WEAK trend reversal indicators unlike a morning star or evening star.
If we DO NOT SEE a long red candle tomorrow which closes LOWER than halfway through yesterdays long white candle, it means the trend reversal may NOT happen tomorrow. That's as clear as it gets. Tomorrow MUST be a red candle, high volume AND close LOWER than halfway below the center line of yesterdays candle. If I don't see this, it only strengthens my belief that now is not the time for me to sell. And if the trend reversal does happen, I'm not bothered by it because I believe (MY OPINION) we'll be at a penny soon enough.
The following post is based strictly off of my opinion. This isn't investment advice, this isn't fact, I could be wrong; in fact, go into this post telling yourself that the writer is completely wrong. Did I mention this, and every post, is opinion only and not fact?
Hey, one more time..THIS IS NOT INVESTMENT ADVICE!
Anyways.. the reason I'm not selling right now is capital gain tax outweighs my belief that SCIE will hit much higher than what I am thinking it will reach. How do I know this? I don't. This is all opinion, remember?
The DD that I personal did on this company shows me there will be sales of the WavSTAT4 either in this 10K or a soon to be released SEC filing. I don't even need to see a sale. Just show me progress. That's all I really want.
So back to my original thought..
Everyone has personal investment strategies; and they all must be respected. Some people only want to invest to make a few dollars. Others have visions of millions. Still others have no clue what theyre doing and hope for anything better than their initial investment.
Did anyone notice todays candle is a shooting star? The past 3 days have been very volatile. Even I thought we were going to have a pullback in price a day or so ago, and man was I wrong. This thing keeps going up and up and up. We all know a pullback HAS to occur at some point. and if we are in this for the long haul, it doesn't really matter if its tomorrow or in a week or in a month; because sooner or later, its going to happen. It simply has to. No chart goes up without at least one red day. Simply impossible.
So, was it a good idea to sell today at around .008? Sure it was. If that's what people believed was best for them, then they made the right decision. Digging further though, if someone sold today with the notion of getting back in at a cheaper price, and we know the lowest this stock went was around .0008, selling at .008 might not have been the best idea in my opinion (MY OPINION. NOT financial advice) and ill tell you why.
If someone owns 5 million shares and wants to flip with the intention of getting back in at a lower price; GREAT! But wait a second..
5 million shares purchased as .0008 cost $4,000.
Ok, nothing wrong with that.
Selling 5 million shares at .008 earns you a whopping $40,000 profit! WHOO HOOO! that is amazing no matter how you look at it.
But.. if you have the expectation that this thing is going to drop in price to around .0055... plus you have to take into consideration your shares are more than likely a short term position; you have to pay taxes on your profit as ordinary income. So..if you make $60,000 a year from your job, you have to tack on $40,000 to this which means you get taxed on $100,000. Doesn't sound too bad, but look at it this way.. It all depends on your tax bracket, so these numbers WONT be exact..
if you get taxed at 25% for ordinary income, if you didn't sell today at .008, next year when you do taxes, you would have paid $15,000 in taxes (minus any incentives; these numbers aren't exact). But because you sold, you get taxed 25% on $100,000 which equals $25,000 in taxes.
Still though, not too bad. You still made a pretty profit. But.. hold on again..
If youre taxable income is $100,000 (including your $40,000 profit), you got taxed 25% on it.. exclude your income salary and see how much you have left:
Next year, youll pay $25,000 in taxes. You made $60,000 at work (most of which will have already gone towards bills and living expenses). You made $40,000 in profit which means when push comes to shove, if you label $60,000 as income, you actually only made $15,000 profit from your sale.
And if you reinvest this year, any further increase (after a dip in share price), youll have to pay even more taxes on those earnings when you sell again! So if you want to re-enter SCIE at .003 and technically speaking, $25,000 of your earnings from today cant be touched because it has to go towards taxes, and $60,000 isn't really 'available' because you earn it over the course of the year, you really only have $15,000 to spend. And if you make a new position in SCIE at .003 with $15,000... guess how many shares you get?
5 million!! Its the same amount as when you started!! You paid taxes on shares that you had prior to selling! And that's IF you make $60,000 a year.
Hey! THIS IS STILL OPNION! NOT INVESTMENT ADVICE!
So, my unofficial rule is.. Part 1: if I buy at .0008, don't sell unless I believe the company is going nowhere (even if its at a significant loss; because if you invest $10,000 in a company and the company dies, its better to take the loss of $9000 than your entire $10,000 investment, right?) Part 2: If I believe the company is going to succeed (which I believe at this moment SCIE will, don't sell unless it gets to .08. And then Part 3 of my rule: Don't get back in. Instead, invest in another company which I have heavily DD'd.
So yes, this is all my opinion. Again, NOT FACT. Just an opinion. Selling right now isn't worth it to me; it may be for others and that's wonderful; but for me.. nope.
And lastly, as I mentioned above, today was a shooting star. Shooting stars are WEAK trend reversal indicators unlike a morning star or evening star.
If we DO NOT SEE a long red candle tomorrow which closes LOWER than halfway through yesterdays long white candle, it means the trend reversal may NOT happen tomorrow. That's as clear as it gets. Tomorrow MUST be a red candle, high volume AND close LOWER than halfway below the center line of yesterdays candle. If I don't see this, it only strengthens my belief that now is not the time for me to sell. And if the trend reversal does happen, I'm not bothered by it because I believe (MY OPINION) we'll be at a penny soon enough.
(1)
(0)SpectraSCIENCE Inc. (SCIE) Stock Research Links
View My Board Here:
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Scroll down for more posts ▼