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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Z who wrote (11253)12/23/1998 3:25:00 AM
From: LT  Read Replies (1) | Respond to of 11684
 
>My guess: People taking their loss before year-end.

Might be, but keep in mind MTEI probably qualifies for the IRS rules regarding "worthless stocks" that's where I am going with my 7k deduction.(Actually used to reduced earlier profits for tax purposes) Under those rules you don't have to sell it, but your cost basis is zeroed. Should the stock suddenly fly upward you'd owe tax when it was sold. Yea sure :)))))))

Dave