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Entertainment Gaming Asia Inc. Message Board

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  • mfdries mfdries Dec 8, 2012 12:38 PM Flag

    End Of Year Tax Selling Will Sink EGT


    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.

2.10+0.04(+1.94%)Oct 6 3:58 PMEDT