Queenstake Resources (QTR.T) Message Board

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Gold/Mining/Energy : Queenstake Resources (QTR.T)

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To: morrie who wrote (1597)	12/30/1998 7:06:00 AM
From: Shirley Owen	Read Replies (1) of 2249

Hi Morrie, Yes you're absolutely right. I know people that keep most of their powder dry, just to buy at tax-loss selling time. Probably the best time of the year for bottom-fishing. I believe sellers who have sold for a loss must wait 30 days before buying back the same stock, in order for the tax department to recognize it as a genuine loss. I'm a little rusty on the law, but I believe that is the time frame. You know the taxman...they hate to miss a dime. Let's hope that last year's initial excitement lasts all year in '99, unlike this past one, which has been brutal. I'm for voting in The Year of the Golds.:-)January is usually the month for news releases that most companies hold back, for a "better bang for the buck", although most companies would deny this...it just makes much more sense than blowing it out in a seller's spree in December. I do think that Queenstake has a good shot at it, what with all the projects ongoing, and the strategic positions they hold. It would be nice to weigh my pockets down again, and give me a little ballast so I don't blow over, entirely. I like to remain on an even keel.:-) Cheers Shirley

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