Tax LossSadly....this one ran up too fast...and now will take a pounding on tax loss , now down 60-70% in last 5 months.
I expect many will sell on earnings ...and continue to dump till around end of November/up to 12/25
One smart move is selling before 11/25 and then can rebuy 30 days later at potentially lower price...but also get to capture the capital loss in year.
Of course if the earnings blow the doors off...shoudl be some up days before pressure continues. Those looking to sell and re-buy...while others still dumping...only have about 2 more weeks...until they will miss the opportunity.
I see this as a $6 stock in January pretty fast....with seasonal strength and continued momentum in the space. GLTA