tax loss selling

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kooter33

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tax loss selling

posted on Nov 06, 2014 01:07PM

IMO, tax loss selling is in full swing. Take the tax loss now and buy it back in the new year. Hopefully POET management ( Chris are you reading??) can line up some buyers sometime soon before the SP starts trading for 1/2 cents intervals. This is really tough to sit back and watch. My LTs are taking #$%$ kicking. STs were gone at 98 - 95 cents but I am not buying any POET shares until I see some support from management. Dan DeSimone's presentation does not cut if for me.

TECHS are way OVERSOLD and are screaming buy, but I will not buy one more share until I see a turn in the SP and some institutional support.

Obviously Taylor and Inwentash knew that the SP was not going anywhere until the new year and were not willing to wait it out until then.

No matter the reason they sold or how much they sold, insider selling is always treated as a negative.

IMO.

I am happy in one sense that I do have funds to buy but so disappointed in another that this management have thrown us to the wolves.