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If all the faithful here don't see the addition of the new BOD members as "THE BULLS IN THE CHINA CLOSET" then we are all doomed to rooting for the success of the EDSEL...
AFTER ALL THESE YEARS OF HOLDING, BUYING, HOLDING AND BUYING IF EDIG GET TO $.15 YOU ARE GOING TO SELL!!!!
(GIVE ME A BREAK) IF EDIG GETS TO $.15 IT WILL GET TO $.30....IF IT GETS TO $.30 NO TELLING WHERE IT WILL END UP....YOU FOLLOW THIS STOCK ALL THE WAY DOWN AND THEN SELL WHEN IT SEEMS TO BE FINALLY GETTING SOMEWHERE.....
GIVE ME A DOUBLE BREAL.....
In a nutshell a wash sale is strictly a tax gambit, usually a long term tax sale for a tax write off versus a tax profit for the year you do it in. In a simple case the only risk you take is the required waiting period is 30 days in which the stock could do anything. If the stock goes lower and you wait 30 days to repurchase you were a genius. If in 30 days it's at the same price or even a little higher you are also quite smart, however if the stock takes off and goes haywire and in fact goes over what you bought it for initially then you guessed wrong......But generally it always works out..........Initial purchase 1000 shares at $.25 a share =$250.00......Wash sale @ $.05 a share. ...Loss taken of $.20 a share or $200.00 against any profit you may have elsewhere....After the required 30 day waiting period you buy back your stock in a couple of ways, either with the same amount you got from your wash sale $.05 X 1000 shares =$50.00 in which case you have the same amount of monies to spend to rebuy the stock no matter what the price it is at the time. If it is the same as what you sold it as $.05 then you have just taken a great tax write off and still have the same amount of stock.....Unless the stock goes crazy in those 30 days but just goes up a bit, say to $.10 a share then you can spend that $50.00 for 500 shares of stock. If however you wish to replace the entire 1000 shares of stock @ $.10 it would cost you only $100.00......$150 less than your original cost for 1000 shares....SMART ......This latter scenario is generally what happens.....However there is still the risk.
DUE TO THE LACK OF VOLUME MY BEST GUESS IS A FEW SHAREHOLDERS ARE EXERCISING A YEAR END "WASH SALE". THERE ARE A LOT US DIE HARD LOYALISTS OUT THERE HOILDING AT HIGHER THAN $.06+++ THAT FEEL WITH ALL THE POSITIVE ACTIVITY OCCURING IN THE PAST FEW MONTHS THAT EDIG WILL BE MUCH HIGHER VERY SOON AND ARE TAKING CAPITAL LOSES THIS YEAR, BUYING BACK IN IN 30 DAYS AT ESSENTIALLY THE SAME PRICE AND HAVE THE BEST OF BOTH WORLDS.. I HAVE DONE THAT MANY TIMES, SOMETIMES WITH GREAT SUCCESS BUT HAVE NEVER TAKEN SUBSTANTIAL LOSES.
IF EDIG HAS THE POTENTIAL WE ALL THINK IT HAS (I AM VERY BULLISH) THEN I WOULD LOOK FOR A LOT OF ACTION AROUND THE END OF DECEMBER, FIRST PART OF JANUARY....AT LEAST THAT IS THE NORMAL PATTERN.....
Anyone care to share with me if this new Agora is keeping the color change of a post when you have clicked on and read that post....So far I cannot tell what the last message was that I read and it's getting a little tedious and frustrating....
I HAVE NEVER HAD ANY INTENTION TO HARASS, INTIMIDATE, CUSS OUT ANYONE BY USING CAPS.....I USE THEM SO I CAN SEE WHAT THE HECK I AM TYPING. AT MY AGE MY EYES COULDN'T TELL A BEVY OF NAKED DANCING GIRLS FROM A BOLIVIAN SOCCER TEAM.... PERHAPS MR. NUNNALY COULD INVENT AN APP THAT WOULD ALLOW SOMEONE TO TYPE IN LARGE LETTERS BUT WHEN YOU HIT "SEND" IT AUTOMATICALLY TRANSFORMS THE MESSAGE INTO A NORMAL SIZE.......NOW THAT IS PRACTICAL....F