RE:RE:RE:Wake me up next year !BH,
I know what a tax loss selling is. I probably didn't espress myself correctly as english is not my language. I think the majority of us still holding NVO are either old NVO investors still in the black...or newers with long term plans that may still average down. Considering that some news may come out sooner than later...I don't think we'll see many people sell at this stage.
BlackHawk7 wrote: Fabrix72, tax loss selling is not a trend, it is just financial management. You have one stock that has done extemely well and you want to take profits but you don't want to get hit with the tax bill. So you sell a loser, even if you think it will work out later, and take your loss to apply against your gain to reduce your tax bill.
There are a lot of people who have losses in NVO that I can see them selling for taxes especailly knowing we are going into the hot Aussie summer and the work at Egina won't start until the 2nd quarter.
So why not take you loss now for tax reasons and then reposition yourself with a lower cost basis some time next year. NVO may be a story stock but it is not immune to basic financial management.