Tax Loss Selling. All fine and dandy, but with a few twists. Let's assume you bought 30K shares at $ 2.70 and are selling at $ 0.70. You can report a $ 60K tax loss. You must have a lot of capital gains to put this to good use. Plus your tax bracket in the highest marginal % in order to fully utilise it. Plus we might have other paper losses with other stocks to add to this.
( Maybe not all of us are in the same boat. Did you get a severance pay from Goldman Sachs ? )
Who says that PDG is not $ 2.70 when you want to buy back ?? LOL.
Forgive me, but I do believe we can not buy puts or sell options for that matter or hedge or whatever other thin air game there is to recover too many losses.
Wishing you all a happy, healthy holiday season ( we call it Merry Christmas ), leaving for Europe to straighten their finances out, not yours.
Prost