Post by
vaeirrr1 on Jun 15, 2016 2:14pm
something interesting to ponder
Oh and maybe my last post here, I am thinking about how the "NO" vote would play out and it is interesting that if I vote for "NO" deal and think that it would come to pass, I would actually want to sell my stocks before the vote result is out so that I can buy them back later at a cheaper price...
Comment by
Meester954 on Jun 15, 2016 2:27pm
Not a bad trading strategy at all.
Comment by
rob926 on Jun 15, 2016 2:56pm
True but for long term holders we will have a huge tax bill due since we are up 700% to 1,400%. If it was a US stock buying a put might be great insurance to a move down.
Comment by
Meester954 on Jun 15, 2016 3:10pm
Rob-I get it. Since it seems that most of the newer posters are also newer shareholders, trading in the manner suggested seems like a pretty good strategy. I have to manage the tax hit just like you do.
Comment by
rob926 on Jun 15, 2016 3:13pm
Really thankful for the tax hit since I lost a lot on a bunch on other stocks that Byron King picked. I wish I subscribed to Brent Cook's newsletter instead since i would have lost less! Now that the vote is to close to call it will be interesting to see what happens next!
Comment by
Meester954 on Jun 15, 2016 3:19pm
Amen on the tax hit! Thankfully I avoided most of the commodity carnage and got out of everything but RMC early on. It will be fascinating to watch how this unfolds. At this point, when I hear the vote is too close to call, I translate that to mean "we don't have the votes." Wonder how the NSU shareholders are voting?