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Molycorp, Inc Common Stock Message Board

  • steind76 steind76 Dec 11, 2013 11:17 AM Flag

    tax loss selling into close of year can only drop rare earth stock prices

     

    small investors need to turn on their brains and use logic for once in their smallsville lives.

    the tax loss selling in all these dead rare earths can only sink the stock prices for the rest of the year, as tax loss selling is certain to overwhelm relatively token purchases by small investor fools, the only money crazy enough to enter this kind of dead sector lol

    worse yet, for those expert fund managers who wish to defer their Dow and Nasdaq profits into 2014, for tax purposes, if any of them still hold rare earths, they will proceed to dump them in January too, in order to offset their 2014 taxes on Dow and Nasdaq profits with their rare earth losses. lol

    that means the dead rare earths have no upside potential of any kind, not even any possible and significant deadcat bounces, until Feb at the earliest, and who in their right mind wants to hold a totally dead and sinking investment for almost two more months? lol

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    • Hello Steind76, thanks for the post. I have a question.

      You wrote "for those expert fund managers who wish to defer their Dow and Nasdaq profits into 2014, for tax purposes, if any of them still hold rare earths, they will proceed to dump them in January too"

      Why would institutional investors sell losers stocks in January instead of December? I do not get it.

      Do different tax rules apply to institutional investors and individual investors?

    • tax loss selling is done this week..it may be over already

    • Hate to admit it but this is going away in the next two weeks. . Worst investment on an otherwise great year. Might as well put this loss against the gains. I can always buy back in a month. Very disappointing investment. One or two up days and then weeks of down. Frustrating to say the least. 7.71 is my average

    • rga1298@aol.com rga1298 Dec 11, 2013 11:22 AM Flag

      @steind76 WOW I am amazed to see that there are some smart/grounded people in this board left. You my friend are one of the few that are not dreaming about where and when this stock is moving. I have been posting that this baby is moving within this range($4.60 to $4.99) granted it could go below or above that range, but for a few days and then moving back to it. And it will be in that range for at least the next couple of months(unless China/Japan/USA get into some show of force in the new China ADZ).

      Great and honest post, without been A DREAMER OR A BASHER. Good post. Btw I gave you dumb ups.

 
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