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View Diary: Part 7: Another reason to support The Robin Hood Tax (14 comments)

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  •  So, I've got to ask... (0+ / 0-)

    ...if you don't like day traders, and you like HFT even less, where do you draw the line?

    For how much time must I hold a stock before I'm considered an "investor"?

    If I discover the management is overpaid and incompetent, and the company is losing money, am I allowed to sell? Or must I wait a certain number of days, weeks, or months to lose my money?

    If I buy a stock and the price makes a big jump the next day, may I sell and take my profits? Or would that open me to charges of being a "speculator"?

    I realize that this discussion is separate from the merits of a Transaction Tax.

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