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Message: Tax Loss Selling - So Long!

Tax Loss Selling - So Long!

posted on Dec 03, 2008 03:52PM
Well, I'm out. I thought I might as well take advantage of the share price and sell to claim a tax loss. From my perspective, I believe that JNY as well as most other jr. resource stocks will be mired at current levels for some time. Should it skyrocket 25% to $0.05, I'm still sitting on a huge loss regardless, so I felt it was in my interest to try and benefit from this weakness.

From observing the markets over the last several months, it seems that positive results and promotion really don't amount for much in this investing climate, and any gains of 20-30%, or higher, are usually given back in short order. I feel that there will be lots of time in the New Year to buy back into JNY, still at very cheap valuations, that providing that the fundamentals warrant it.

Anyway, best wishes to all those that still continue to hold.

Have a great evening!
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