I suggest you follow the work being done by a few
Post# of 2306
(Total Views: 435)
Posted On: 11/05/2020 5:11:32 PM
Re: gopher broke #2304
I suggest you follow the work being done by a few on the iHub board who have a higher cost basis in it than me.
Normally a stock being delisted is an ever present part of the risk of trading OTC stocks for big potential returns.
I don't have the time to follow their work in detail and my cost basis was only 1/12 of what I had made previously on it over 2.25 years.
If you are a large scale trader and earn multiple 6-figures that get you into the 33% or 35% IRS tax brackets, you might want to consider taking the tax loss to get your tax bill down. I do this on a few stocks every year and use the cash not paid in tax to more than make up the loss by trading other tickers from the start of the new year. You can ask your broker how to organize "liquidation of a worthless stock" and get the credit for it.
Most of my $TMPS holdings are "Short Term" until May / June 2021 so I won't be considering taking any losses until then. I'll be waiting to see who owns the Tristars - which are a saleable asset - and how the work being done by those on iHub pans out.
I'm going to use this board to keep updates going on the military tanker market with that in mind - and I'm just about to do another update on that.
Normally a stock being delisted is an ever present part of the risk of trading OTC stocks for big potential returns.
I don't have the time to follow their work in detail and my cost basis was only 1/12 of what I had made previously on it over 2.25 years.
If you are a large scale trader and earn multiple 6-figures that get you into the 33% or 35% IRS tax brackets, you might want to consider taking the tax loss to get your tax bill down. I do this on a few stocks every year and use the cash not paid in tax to more than make up the loss by trading other tickers from the start of the new year. You can ask your broker how to organize "liquidation of a worthless stock" and get the credit for it.
Most of my $TMPS holdings are "Short Term" until May / June 2021 so I won't be considering taking any losses until then. I'll be waiting to see who owns the Tristars - which are a saleable asset - and how the work being done by those on iHub pans out.
I'm going to use this board to keep updates going on the military tanker market with that in mind - and I'm just about to do another update on that.
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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.