Riski is one scary financial planner!Riski is and was not in love with this stock. He didn't sell because of the calital gains implications.
Let's do some math.....
Sell 1 million shares within 25% of the 2022 peak - $6.61 average sale over several months EASY!
Buy 1 million shares within 25% of the 2023 low - $4.68 average purchase over several months EASY!
$6.61 sale price vs $0.41 average purchase price for a taxable gain of $6.2 million
Maximum capital gains due $1.67 million
$4.68 average purchase price on 1 million new shares $4.68 million
$6.61 million sale - $1.67 million tax - $4.68 million purchase = $260K
No future tax liability on the move from $0.41 to $4.68, same 1 million shares, $260K in your jeans.
None of this required doing anything near the top or near the bottom. It just required a little discipline. Sometimes it is better to be lucky than.......