FYI-
http://www.nasdaq.com/quotes/institu...ment-llc-64122
Winslow Captial has taken a new 124M share position in SXM as of 12/31/2012!!
JS
FYI-
http://www.nasdaq.com/quotes/institu...ment-llc-64122
Winslow Captial has taken a new 124M share position in SXM as of 12/31/2012!!
JS
Last edited by just sirius; 02-06-2013 at 02:08 PM. Reason: added info
So question for you guys... when I see million share blocks trading for 3.185 and 3.19 when bid / ask is 3.16/3.17 and it doesn't move bid / ask, is something fishy up or is this business as usual?
I disagree. it's early in the year and there is still plenty of time for losses if you ask me. especially with onvo right now i'm sitting on a loss. I try to take profits when i can.
** edit ** I should've added that those shares were bought with margin that I don't like to hold too long
Last edited by jackweed; 02-06-2013 at 03:25 PM.
What if all of your stocks go up or trade sideways and you don't get a chance to lock in anything?
More realistically, what if you don't wind up with any loss worse than the one you didn't take?
If I'm wrong in my thinking, please someone, let me know. I've never got a good reason not to lock in a loss from my broker.
Charles LaRocca
SiriusBuzz Founder
Cash is cash...but if you have the option to take a loss vs. profit then I want to maximize my cash by taking the loss and not worry about setting aside cash to pay the IRS. It preserves the opportunity to cap long term tax hit on my low basis shares. That's how I've handled it. Seems like a no-brainer.