Posted on iHub to point out the pitfalls of attemp
Post# of 1674
Posted On: 05/16/2016 2:20:15 PM
Posted on iHub to point out the pitfalls of attempting to sell all shares to lock in a small profit below .0010 due to shares held that were bought at much higher prices before May 2015 - a few ultra-longs have buys in the .01>.02+ range from 2 previous runs (not me).
That would be ridiculous when the prospects of $REDG having actual revenue - let alone in the $Ms - has never looked better.
The key points are:
Nobody who has followed $REDG through so much of the past troubled times would want to be left totally devoid of a large holding that is likely to make a multiple 5/6-figure sum in due course - the chance of getting say 25M > 50M at any one price point will probably be zero the day it is recognized that the current round of convertible debt selling is over - even more so if this happens to fall on the same day that even one fence sitter decides to buy on the ask and / or there is a significant update on revenue from any of the 3 streams that are already here (ZWAG Box + POW Folio + Markiplier mini-series).
All shares bought above .0014 have been held over 1 year and would therefore be "long term losses" when sold below that level.
Even if anyone was to sell any $REDG from a cheaper price at a level that they had a profit on - to balance the loss on selling the higher price ones - they would not be able to buy more $REDG without becoming subject to the "wash trade" rule - so they might want to consider not selling high price shares until each tax lot goes into profit (my plan) and / or retaining a large core of their cheapest shares (also part of my plan).
Most traders will be operating on First In First Out by default - unless they have specified otherwise - but as stated most brokers offer various options to change that.
$REDG
That would be ridiculous when the prospects of $REDG having actual revenue - let alone in the $Ms - has never looked better.
The key points are:
Nobody who has followed $REDG through so much of the past troubled times would want to be left totally devoid of a large holding that is likely to make a multiple 5/6-figure sum in due course - the chance of getting say 25M > 50M at any one price point will probably be zero the day it is recognized that the current round of convertible debt selling is over - even more so if this happens to fall on the same day that even one fence sitter decides to buy on the ask and / or there is a significant update on revenue from any of the 3 streams that are already here (ZWAG Box + POW Folio + Markiplier mini-series).
All shares bought above .0014 have been held over 1 year and would therefore be "long term losses" when sold below that level.
Even if anyone was to sell any $REDG from a cheaper price at a level that they had a profit on - to balance the loss on selling the higher price ones - they would not be able to buy more $REDG without becoming subject to the "wash trade" rule - so they might want to consider not selling high price shares until each tax lot goes into profit (my plan) and / or retaining a large core of their cheapest shares (also part of my plan).
Most traders will be operating on First In First Out by default - unless they have specified otherwise - but as stated most brokers offer various options to change that.
$REDG
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(0)Red Giant Entertainment Inc. (REDG) Stock Research Links
"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.