SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Daytrading Canadian Stocks in Realtime $3.00 or less

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russet who wrote (2685)1/29/2001 9:15:33 PM
From: 1st.mate   of 4065
 
Thanks for your response. Yep all that I did know. These are a little different. It is happening on 3 stocks to which I know is going to move. What I am seeing is 200k 100k etc. going across the floor within the same house. (Haywood to haywood)....I was wondering if this is for tax reasons. Declaring losses before the run. Sell enough to cover the loss plus a bit and riding free paper. Would this make sence???

Lets say you got 200k at $1.00 you cross the paper at .50 and declare a loss of 100k. Sell 100k at $2 and ride 100k free with 0 cost base???

You would be deferring your profit for another year, but at the cost of reducing the cost base. Why would this make sence?

Take today on PVF 201k crossed at .25... CNB has done same with different house within the past week. I have seen 4 such crosses on these companies this month? Trying to make sence of it!

Matey
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext