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Microcap & Penny Stocks : PLNI - Game Over
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From: shortsinthesand12/5/2005 9:37:51 AM
   of 12518
 
Message about tax selling: from green baron..HMMM

Looks like green baron is telling subscribers that selling their picks at loss will actually give you quit a benefit rather than to wait to break even factoring the difference of the tax benefit to find your break even point. COS (crock of chit)
official, PLNI, benefit, difference, HM MM,
So now that they profited on the 40 million shares of PLNI (they received at no cost basis or discount to the market) they are asking you to give consideration to selling at a loss.

Now that is an official pump and dump outfit!!!
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

So why is there so much tax selling in low priced stocks? The difference between the year high and low on most low priced stocks on a percentage basis is typically much greater than on high priced stocks. Therefore, it makes more sense to an investor who has bought high earlier in the year to dump it because the taxes saved by declaring a loss is bigger that the amount one might get back even if the stock rallies some the next year.

For example, suppose you buy a stock at $1.20 per share and it now trades for .15 per share. The loss if sold would be $1.05 per share or a tax savings in the 35% bracket that would be equivalent to over .36 per share in the stock price. This means the stock would have to rally from .15 per share to .51 per share just to break even on what you would save in taxes.

happy trading,

shorts
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