OTCPK:NGMBF - Post by User
Comment by
Saturn4on Dec 22, 2009 3:12pm
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Post# 16611640
RE: RE: Capitol Losses & History....
RE: RE: Capitol Losses & History....A lull in NRs?? How can that be? Oh well, next year if we get some good NR's early --- that bump the s/p up, it will be a good start to the new year!! GO NAG GO!!!
P.S. - I think this tax loss selling issue is a bit inflated. Think about it ... last year everyone got snazzelled with the market meltdown ... lots of selling and losses on the books. This year, those losses can be used to write off the gains. In any event, with the market going up significantly since March, not many "losses" out there per se. Even NAG doubled from its lows. No doubt there will be tax loss selling, but not as much as everyone is making it out to be, IMO. The only people that may be selling for tax loss with NAG are probably:
1. Those who invested last year, did not sell, and are giving up on NAG
2. Those who bought this year higher then what we are today and are giving up on NAG (.13 to .19) --
So, folks, I don't think the s/p for NAG sitting where it is reflects tax loss selling per se ... probably more of a 1) SHOW ME THE MONEY! factor .... its sucks but not much speculation built into the s/p IMO .......
Just my opinion ... no one really know ...