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  • snow.ball7 snow.ball7 Dec 19, 2011 7:50 PM Flag

    Was it a mistake to.....

    original poster said:
    "I am thinking of just selling and cutting my losses for tax purposes"

    don't you think that has a lot to do with
    why it's $1.39 ? it's a little too late
    to join that crowd.
    Your best bet is to sell the stock, lock in
    the loss and convert into $1 strike calls,
    pick your month. That way you get a higher
    beta exposure (bang for your buck) with the
    same amt. of money..... and don't have to wait
    30 days to buy back on a wash rule.
    I'm going to pick up some calls late this week.
    just want to make sure the end of the tax selling arrives. next week is the last one.

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