Stock question?

Sure, buy and sell it 100 times.

The illegal part is called insider trading, price manipulation, etc. When you do something with your stocks, -that the general public doesn't know, or hasn't been told yet.

--Sorry Martha, lying to the FBI was a bad thingy too.

it is perfectly legal to do it. In case of loss, IRS can treat it a Wash sale & then u will not be allow to deduct that loss, However it gets added to your cost basis.

Example: original cost $10, sold it for $6 on 1st jan , bought it back within 30 days @ 6.5.

So u can not deduct loss of 4, but your cost basis is 6.5+4=10.5.

So when u finally sell it u will get any loss as dectible.

It's legal, it's a matter of tax consequences. Wash Sale rule means you have to wait 30 days to maintain tax deduction for a loss. Check out Wash Sale.

Yes. There are tax ramifications, however, if you took a loss and bought back within 30 days. Look up "wash sale"

Legal, yes. May have tax implications tho'.

Yes.

Top 3 Answerer in Business & Finance. (Vote for me)

no, but the taxes are different on the gains you make.

Have a look here.