|
Post by akemp3000 on Dec 21, 2017 21:21:55 GMT -5
I believe stock price is down this month due to longs taking a tax loss. They will buy back in January. Does anyone have any thoughts on this? I agree. This often happens this time of year. It should be noted that we're not seeing big volumes in the December sell-off. IMO...the ones selling to take get the tax loss are not the long or short retail fanatics on this board;) but funds and others who own a large portfolio of stocks and select this one to use as part of their losses believing they'll have the 30 days to buy back if they so choose. Very often after an end of the year sell-off, the stock recovers quickly in January and even gains in the typically popular first quarter of the market. I'm betting (literally) this happens. We'll see.
|
|