Sat, Jul 26, 2014, 6:33 AM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Entertainment Gaming Asia Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • mfdries mfdries Dec 8, 2012 12:38 PM Flag

    End Of Year Tax Selling Will Sink EGT

    Kidecar-

    Lots of times I agree with what you post, but this time I don't. Most of the volume in EGT this year occurred in May-July when the average price of EGT was above $3 [adjusted price]. To me that means there are a lot of investors that are 'under water' on EGT now. I do think there will be end of year tax loss pressure this year.

    I sold half my holdings in late October at $2.39 in anticipation of that. My cost basis for the rest of my stock is only $1.04 so I will hold that through the expected short term tax loss selling. I might buy again in mid January.

 
EGT
0.7798-0.0002(-0.03%)Jul 25 12:48 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.