RE:RE:RE:RE:Tax Loss Selling this Year...Good move ferret. You got in below Chairman Lee's price.
If OPEC remains paralyzed on production, don't be surprised if we break support @ $0.70. I know many here will be happy to add shares priced in the 60s.
ferret_ca wrote:
tax loss selling is ongoing year round, you still have some near year end but not nearly as pronounced as it used to be. ame thing with the sell in may thing, the past couple of years have been more like sell in april, you could see it starting in late march this year. with this sector having been beaten up for so long now a lot of people that stayed with it have high graded their portfolios
I always have some cash to pick up a few bargains at this time of the year. and today I went against my word and better judgement and actually bought some iae at .74 and .75 and will add a bit more if it gets to .70 (looks like support there), just looking for a trade back to the mid .90's range, (more of a technical trade than me liking iae) but also so the looneys on here can't say "why post when you don't own any" lol. I'm thinking opec may come around to some temporary production cuts this next meeting.
cheers ferret