Your broker sends to the IRS your gain/losses based on what has settled in 2013. If you sell on dec 30 and it settles in 2014, it shows up in your 2014 documentation/reports. Check out your trades from the end of 2012 and you'll see. OR google this topic and you'll see that tax loss selling for 2013 was over last Thursday.
Sentiment: Strong Buy
I know in Canada the sale has to clear/settle before EOY in order to use this year. Unsure about here in the states, if you can still claim the loss today/tomorrow for this year.
Yeah, people buy fancy cars, upgrade their house...easiest way to pay for these items is to sell some options, knowing that they'll soon get some more.
Years ago (pre 2008) when my O&G stocks crashed, I didn't sell and each time it took around 6 months for them to come back up. Yes, it was dead $, but I didn't take a loss. I kept that same theory with the 2008 crash, and we all know how that has turned out for these stocks. I know I'll get a Beat Down, but I keep thinking that soon O&G will be in favor again. I keep waiting...
Sheesh. Where to begin? From APA, HK, SD (not down this year, but still down), LSTMF (PBKEF), CVRR, LNCO, SDT, SDR, PER, CHKR, PGH, HGT, MUX (gold jr)....
But to answer your question with just one stock, it'd have to be RNF. Down 62% from when I bought it.
These lists sure make me feel like I've been in a rut - I haven't heard of most of them. Only TPLM (have) and ZAZA (which was too risky when I looked at it a while back). Thanks for the suggestions and will look into. Pirate - I'm still playing in and out of PVCT. Had a good week this week.