A plan for the cheerleaders and USXP believers....
Although I wont participate, I will try to help all of you out that still believe in USXP since I help clients in financial planning but I don't recommend pennies to them. THERE ARE TWO STATEMENTS YOU HAVE TO TRULY BELIEVE OR THIS WILL NOT WORK:
1) You believe that USXP has a future and the price of the stock is going up.
2) You believe kingfine has a following and Altomare's commentary on the 8th will raise the price of the stock.
Now most of you have been swearing to these two things for the last few days, so if you now say no then you have been full of crap.
Even though this can work with any share count let's take someone who had 100,000 shares of PKGP pre-split at .06 and a post split break even of $4.20, that's a $6,000 investment. They now have 1,428 shares at a bid of $1.69 and their investment is worth $2,413 a loss of $3,587. If you truly believe the above two statements I suggest you buy 3,000 shares on Monday at the ask of $1.81. You know own 4,428 shares of USXP at a total cost to you of $11,610 and a share average of only $2.62 to break even. You all are saying his little talk will raise the price right? Say the stock even reaches the $2.62. You could sell your original 1,428 shares at this point and pull out $3,741(which would leave you 3,000 shares and $7,869 invested) but you'd also be able to carry a $2,259 tax loss. The tax rule in buying and selling stocks is FIRST IN AND FIRST OUT. YOU FIRST PUT IN $6,000
AND ARE PULLING OUT THE ORIGINAL SHARES AT $3,741. YOU ARE EVEN ON THE STOCK AND EVEN HAVE A TAX WRITE-OFF. The only thing you can't do is buy shares for 30 days to get your tax write-off. This is a very simple plan and you only need USXP to go up less than $1 from where it is now.(that's even less than it's after split price of $2.80) If you have faith in the company and Altomare's commentary raising the price this plan will work. This plan is speculative but it will work if Altomares's commentary raises the price of the stock. Do you really believe or are you 21 "positive" thinkers just full of hot air?
Lakers |
