Summary - September 7. Another 6.9M bought on t
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Posted On: 09/07/2018 4:47:25 PM
Summary - September 7.
Another 6.9M bought on the undercut ask at .0002 today - including a buy of almost 5M at 15:50. At that point there was only 2.6M left at .0002.
We may now either see those that have loaded .0002s start to move the stock up and / or - in the event that a stock split for common holders be approved - additional significant buying to get share counts up prior.
Some who may have panicked and sold for a loss when the irresponsible and incomplete / inaccurate post was put on iHub will be subject to a wash sale if they had bought cheaper shares - than those they sold - in the previous 30 days and / or if they buy at any price within 30 days of the sale.
If they incur a wash sale they will lose the tax loss advantages which are very relevant and valuable for successful traders who make multiple $6-figures with a $6-figure tax bill (35%/38%).
For exactly that reason, I didn't sell any OTTV to keep all options open - I have 11 months left on some tax lots for them still to be short term (held for less than 12 months) which should be adequate to see what develops regarding higher cost basis point shares.
In the meantime, trading from the bottom up is the most profitable anyway..
Another 6.9M bought on the undercut ask at .0002 today - including a buy of almost 5M at 15:50. At that point there was only 2.6M left at .0002.
We may now either see those that have loaded .0002s start to move the stock up and / or - in the event that a stock split for common holders be approved - additional significant buying to get share counts up prior.
Some who may have panicked and sold for a loss when the irresponsible and incomplete / inaccurate post was put on iHub will be subject to a wash sale if they had bought cheaper shares - than those they sold - in the previous 30 days and / or if they buy at any price within 30 days of the sale.
If they incur a wash sale they will lose the tax loss advantages which are very relevant and valuable for successful traders who make multiple $6-figures with a $6-figure tax bill (35%/38%).
For exactly that reason, I didn't sell any OTTV to keep all options open - I have 11 months left on some tax lots for them still to be short term (held for less than 12 months) which should be adequate to see what develops regarding higher cost basis point shares.
In the meantime, trading from the bottom up is the most profitable anyway..
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"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.
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