After the Osborne and Lee's articles, I was so tempted to sell because I'm retail and I'm supposed to be gullible. More over, constant advice from Van, Tele, and Snake convinced me that I must do something as most weak longs should do. In a panic during the raid yesterday (while I was on vacation by the way), I hit the BUY button instead. I'm so sorry for not doing my part as a weak long. Now I have so many shares I don't know what to do. Bashers, please advise.
Anyone with a brain. This POS is doomed and management appears to be totally inactivet, except for certain officers getting rid of their cheap stock options for big profits. This appears to be a big scam to fleece shareholders, make management rich through free stock options. The Insider Transaction History tells the whole story imo.
Wash Sales rule, that is why. IF you sell it and within 30 days buy it back you can't take the loss. You have to put the loss into your new cost basis.. So the loss does not have a lot of benefit until you sell down the road.
However the argument could be made sell at 5 and pick up more shares at 4 with the same dollar amount.