Re: Exxon Mobil at Bank of America Merril Lynch Energy Conference

Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

Reply New Message

Prev Message Back To Forum Threaded View Next Message

lanman1

Rank: President [?]

Points: 11055 [?]

Votes: 32 Score: 4.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Exxon Mobil at Bank of America Merril Lynch Energy Conference

in response to

Re: Exxon Mobil at Bank of America Merril Lynch Energy Conference

gonoles

posted on Nov 13, 2009 10:56AM

>The risk you take is will it jump up on the one day you are selling

Actually I think the risk would be that it goes up during the next 30 days after you sell. You cant sell a stock, claim a loss, and then buy back the same stock within 30 days.

Superficial loss

A superficial loss can occur when you dispose of capital property for a loss and:

you, or a person affiliated with you, buys, or has a right to buy, the same or identical property (called "substituted property") during the period starting 30 calendar days before the sale and ending 30 calendar days after the sale