Tax Loss - What are we selling?

[son of baglimit]

After such a boom year, well for some of us anyway, i'm just interested to know what type of stocks are any of us selling down to minimise our CGT - after selling nmso at $1.22 i finally shed my NWS holdings - now i'm just trying to find the right get out price for my final loser - then the taxman can leave me alone. anyone else ????

 

[Fleeta]

My tax losses this year were MGW and RCL...both of which have rebounded in the past week, which surpises me, because I thought many others would also be selling off for tax losses...particularly in light of their profit downgrades.

 

[son of baglimit]

gee i didnt think you needed tax losses fleeta - you being such a poor ill informed investor - what was that mug stock you bought this year - something marine ??

 

[Fleeta]

Believe it or not, NMS was not the cause of my biggest gain, that belongs to IBA Health - which in % terms was only 250%, but bigger $ than NMS because I didn't have faith in you, Baglimit.

 

[son of baglimit]

if you didnt have faith in me fleeta, WHY THE HELL DID YOU BUY THEM - geez

 

[GreatPig]

In my opinion, faith is not a virtue for trading the share market.

It didn't do much for the christians in the lion arenas, and the share market is not a lot different.

GP

 

[Fleeta]

OK - so I invested less in NMS than I would normally invest (i.e. it was only 2% of my portfolio), because I thought it was very high risk to listen to Baglimit and not know anything about the company. Also the company has no past results that I can look at and evaluate.

 

[son of baglimit]

ok fleeta - try nvc this year - but be quick - the wings have been fitted.

 

[Fleeta]

OK, i'm in at 37c...i'm trusting you more this time.

 

[son of baglimit]

gee - a very quick response to a ramp - wanna buy my car ?

 

[krisbarry]

gee - a very quick response to a ramp - wanna buy my car ?

This is an example of blatant ramping!

A trade was conducted after a ramp

NVC was purchased for 37 cents……

Joe Blow, would you like to comment on this ramping?

 

[DTM]

gee - a very quick response to a ramp - wanna buy my car ?

Hahahahaha.....LMAO

Odds are now that it will now shoot up to 50 cents.... My experience shows that serious tips lose most times whereas tongue in cheek tips end up winners most times.

 

[son of baglimit]

excuse me dtm - it aint any 'tongue in cheek tip' - this thing is gonna move along quite nicely - a comparitive chart might be nms (that wasnt tongue in cheek either) - anyway its out there now - have a look, have a play, leave it go - you decide, but dont complain afterwards.
fleeta enjoy - sure you dont wanna buy my car ?

anyway, back to tax loss selling - WHAT DID WE SELL ?? - ITS ALL OVER NOW

 

[Joe Blow]

This is an example of blatant ramping!

A trade was conducted after a ramp

NVC was purchased for 37 cents……

Joe Blow, would you like to comment on this ramping?

As a ramp, it was a very mild one and was also a bit tongue in cheek, don't you think?

P.S. No more ramping baglimit or you'll be in for a spanking. :

 

[raider]

I,am only new to this forum ( been reading for about 6 months and have
discovered some interesting information thank you ) but when it comes
to ramping Krisbarri (LVL I think ) and Chicken with his ZFX and any other
stock he owns would have to be the worst rampers I have seen.
( How do I insert previous messages into my message )

 

[Joe Blow]

( How do I insert previous messages into my message )

If it's in the same thread just hit the 'Quote' button of the post you want to insert.

Otherwise just cut and paste them into your post and then just add the 'QUOTE' tags.

 

[Fleeta]

baglimit - i don't need a new car thankyou.

What I was after was a resources stock and you helped me get one...I did spend a couple of hours looking over the financials and reading the website.

It wasn't baglimit talking it up that made me buy in, he just pointed out the stock and I took a closer look.

Thanks for all those people who were concerned about this, but i'm sure we are all old enough and mature enough to make our own decisions...after all, i'd rather listen to baglimit than the stupid brokers that recommended to ION as a strong buy in January 04.

 

[Fleeta]

OK - I shouldn't have said 'resources stock' - but I meant connected to the resources industry that will benefit from it.

 

[markrmau]

Note: fleeta was the only person that bought that stock on fri, so was soley responsible for the increase.

 

[son of baglimit]

and guess who sold them ??