This may help someone that is contemplating sellin
Post# of 15624
(Total Views: 608)
Posted On: 04/11/2019 1:31:44 PM
This may help someone that is contemplating selling. The buyers are waiting at these sale prices even though there are times volume is minimal and there seems to be no interest. I am responsible for most of today's selling. When I placed my first sell order it looked like it would sit but it sold out in twenty or more minutes. I then placed another sell at the same price and it also sold out in about the same amount of time. (I am not sure exactly how long as I have been working on other things and have yet to look at individual transactions.)
Anyway, I sold 2/3s of my shares and still have a lot of shares at an average cost of .045. If the stock moves up.....Great.......... and if it moves down.........I will you use todays receipts to buy back shares and possibly end up doubling the number of shares I was holding when the trading day started.
I probably should have done something like this a month or more ago but really believed OWCP pps was getting close to a turn around but now I am in protection mode.
Right now I am not worried about the tax implications as I will have time to work out any problems I may have created by selling shares owned for one or two years and replacing them within 30 days.
Anyway, I sold 2/3s of my shares and still have a lot of shares at an average cost of .045. If the stock moves up.....Great.......... and if it moves down.........I will you use todays receipts to buy back shares and possibly end up doubling the number of shares I was holding when the trading day started.
I probably should have done something like this a month or more ago but really believed OWCP pps was getting close to a turn around but now I am in protection mode.
Right now I am not worried about the tax implications as I will have time to work out any problems I may have created by selling shares owned for one or two years and replacing them within 30 days.
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