RE: frustrating even for the patientTotally agree Juanito. Thanks for you input. We agree that RGX could fly out of the blocks very soon. Anyone that can read can see that but they don't.
However, I my humble opinion 'tax loss selling' is very much an animal most encouraged by brokers/banks/investment houses because anything that creates a buy/sell is money for them. It' all part of the crap that has reached epic proportions. If you seel in haste now for the red herring 'tax loss' you are really bettng aganst the odds, thanks to your BS adviser/broker... who advises against risk at all costs.
What we are eally talking about is timing a fixed market. Chumps game. Stocks are sold down/shorted/naked shorted by the MMs and above to stimulate trades...especially at this time of the year. The illusive 'carrot' is the write off of the 'anticipated loss' against any gains/future gains...said stock which, of course will trade down and wait for the seller to buy back just before it goes up...if the said stock has any value or potential. Don't worry about the commissions or the real loss if the stock can't wait for you. Why would it if it has such great value and fundamentals? How wrong headed is that? Its called fear induced selling by the ignorant.
So the hapless retailer is gambling on the tax loss and a gain next year is when that stock is bought back, or or some other stock....and of course, magically goes up. Once the sale is made the loss is 'made'. Now, if you have a stock like RGX that can explode upwards if permitted, at any time, then the loss is really realized by the said selling chump. The inside gamers love the short and make $ on their clients....much like Goldman Sachs or JP Morgan shorting or going long against their clients. So, if he wants to buy back in he not only has a loss he may have to pay a big premium to get back in. If the stock really moves, he is screwed and the only one making $ is the broker...and his upside has been drastically reduced. Of course, these days, the fruadulent MM or whoever has the edge because they will make sure they have the edge and when the stock will move.
The really crazy thing is that the biggest loss for little RGx right now is maxed out at about 25 cents/share. I would bet that there aren't that many that actully bought at the top...so let's say they averaged in at 10 cents/share loss. Pretty stupid gamble to take at the encouragement of the asocial nimrods screwing them out of their position in the clever guise of the brilliant 'tax loss'. The whole thing makes me puke! How friggin stupid are people anyway?
Of course, more fruadulent stimluation to encourage fearful retailers to sell is aided and abbetted by the local shill posting dribble and BS on RGX to discourage as much investors as possible. What a farse!
Carry on markets! I encourage anyone rading this to take a very close look at the latest blatant criminal fraud, MF global, in order to get a grasp of just how criminal and corrupt the markets now are.
My prediction is that the markets will be blasted with so much continued bad news that the stage is finally set for the big the big global liquidity machine soon to be fired up by the US Fed.....and Europe. A new global liquidity fund will be set up to rescue the banks once again...and filled with billons of newly printed dollars ( Os and 1s) and the markets will fly...huge billions will be made and all will be well for several months. So, if you have sold your promising 'losers' you will lose for sure. You can thank the complicit media and your investment advisers for all the help...as they count their commissions and bonuses.
Whatever happens, everyone better have an exit plan in the next year or sooner.
As for RGX, my personal opinion is that anyone selling here is very short sighted, ill advised, ignorant or nuts. If I am wrong, remind me in January end. If you are a sort term trader, good luck. 5% of you will be right.