Thanks. Lots of people panic needlessly when they
Post# of 2840
(Total Views: 199)
Posted On: 10/12/2018 9:26:46 AM
Re: 1999buellx1 #1153
Thanks. Lots of people panic needlessly when they see a reverse split.
The last 3 I have traded through as described worked out just fine.
In the worst case, I just ignore the small quantities of more expensive pre-r/s inherited shares until things settle down or they go into profit and concentrate on trading from the bottom up - often on a large spread - getting the banked net profit up (including deliberate losses deducted and tax savings added). You can always use the more expensive ones for long term losses in future years.
The last 3 I have traded through as described worked out just fine.
In the worst case, I just ignore the small quantities of more expensive pre-r/s inherited shares until things settle down or they go into profit and concentrate on trading from the bottom up - often on a large spread - getting the banked net profit up (including deliberate losses deducted and tax savings added). You can always use the more expensive ones for long term losses in future years.
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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.