GREY:PMGLF - Post by User
Comment by
soberinvestoron Oct 15, 2012 2:21pm
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Post# 20485100
RE: RE: No worry....
RE: RE: No worry.... Sorry to call it short, I ment year end tax sell-off. Since this stock dropped so much this year some holders will sell it to off-set the losses against capital gains. They are allowed to return back to the same stock after 30 days w/o loosing the right to claim the loss for this year to pay less taxes on capital gains. Expecting that I sold covered call to pick up the temporary slack in the SP. So far it works for me.