TELESTA THERAPEUTICS INC T.TST

Tax Selling

[RetailRube]

Did anyone out there sell after the Feb-02 FDA decision, intending to crystalize their loss for tax purposes?  You can buy back 31 days later (starting Mar-05?) and ride it back up on any rally after the Type-A FDA meeting.  It's probably too late to do that now.

[specul8tor]

Do we know when the type-a meeting is?..thanks..

[RetailRube]

30 days after Telesta submits their meeting questions.  You haven't answered the question.  Did you sell for tax purposes?  Speculator-guy.

[specul8tor]

I didn't own any at the time to sell for tax purposes.I did all my buying after the plunge and have been adding during the dips inculding today..

[IWillRetireSoon]

I don't get what you mean by "too late". If someone did it the way you suggest, then it is too early to "buy back". Current valuation of ten cents means you could still crystalize. What some people may be able to do is a direct transfer into a TFSA. You will not be able to claim a tax loss but when it eventually increases, you could have it tax sheltered.... at least 55,000

[1wascallywabbit]

I think what he means is; it is too late to sell now for tax loss, and buy back cheap in 30 days, as it won't be cheap then? The time to do it was 24 days ago, as you could buy it back cheap in 6 days time.