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Emmis Communications Corp. Message Board

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  • scottw2000 scottw2000 Dec 31, 2012 11:23 AM Flag

    I bought some...

    Can you explain what a tax loss buy is? Look up wash sale before responding.

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    • Scott...In December, often time retail investors look to sell stocks they have a loss in to capture that loss to use as a shield against taxes to be paid on their capital gains. Thus, the downward move in those stocks is sometimes exaggerated, and they can rebound strongly early in 2013.

      I dont know if the recent selling was related to capturing these tax losses.....I mean overall EMMS has done well for the year. But basically, at this time of year its those kind of stocks I look to be, so I'm probably too liberal with the terminology.

      best.

 
EMMS
1.50-0.0900(-5.66%)Apr 24 3:59 PMEDT