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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (40682)12/17/2010 8:28:05 PM
From: E_K_S  Read Replies (2) of 78525
 
Do these sales complete your year end tax loss selling?

With the new tax bill now passed, I completed my year end tax loss selling today. I do want to add to some of my positions I sold but will have to wait 31 days to re-enter.

I have noticed that several of these very low priced stocks (ie penny stocks and several of those below $2.00/share especially those sold in the pink sheets) can be scooped up at significant discounts to their typical trading range. I suspect this is due to tax loss sellers taking the bid price on "at the market" orders. I will be watching these closely and setting my GTC BUY orders just below these prices and may get lucky.

It's not a very efficient market (ie the Pink Sheets) and one's persons loss can be another's gain

EKS
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