1970Craig wrote: Exactly ! Taking profit is good , but if you don't go back into the same stock you just incurred a capital gain.
So spring is going to cost you tax. That tax money isn't owed for a long time and maybe your going to incur a loss elsewhere. However , that tax money your giving the government is money you could of avoided by hanging on.
So you make 1 Million. You pay average 26% cap gsim tax. So your going to give the government 260 k for tax next year. So it's a ways out. But your going to pay.
So that 260 k. Is gone forever , and your not getting dividends , that are doubling.
So the argument is what's better.
So here is my thought. If you were going to take this money and buy a house or you were done with oil then okay. Take your profit. Give the government the tax. They love us money makers. !!
But if you didn't need the money. Than you just lost 260 k of earning power.
I am sure of ot drops enough it's all worh it?
So there is the trade where you pick it back up way less.
However , what changed. ??? Oil is almost 20 dollars above 65. Remember 65 is where all decisions are presented to us so far , and there extremely profitable!
Nothing has changed. Except you had a vacuum where the other sectors sucked us along with it in a general sell off.
The money is coming to the energy sector as a hedge against inflation. As well as the fundemantals, of supply and demand.
Everyone , this makes part is wby 100 is coming. They are letting Omnicron run. South Africa is coming out of there wave , and Europe and North America will soon after.
SO AIR TRAVEL IS ABOUT TO GO NUTS.
Then you have china lowering rates. India is becoming middle class. The largest E/P are spending less than ever.
So you did awesome selling yesterday , I am sincere. If your planning on getting back in don't wait more than 30'days. I can see us pulling back a bit more and if oil Stays above 75. We will just consolidate short term.
Then beginning next month up to earnings. That's when we reach new highs, at worst when they announce and update projections .
I wanted to selll all my bank stocks recently and it's a life long trade. Even though I see a large pull back coming. Personal decision , I kept because I just don't want to deal with giving the tax money .
So this is where my thinking stems from. This sector is
only beginning to run as the general investor is " THE SELL OFF AND THAT MONEY FROM THE OTHER
SECTORS IS COMING TO ENERGY , THE GENERAL INVESTOR. WE ARE CARBON NEGATIVE AND A STRONG BUY AND WE ARE GOING TO HAVE A 6 % PERCENT PLUS DIVIDEND.
I hope this helps and please know I am not being critical. I just thought I could help.
Craig.