RE:RE:Superficial loss rules suggest ..... Every recent December has been playing out the same. This is a tough one for tax loss sellers who have already seen their tax loss advantage evaporate with BTE surge 20%+ from its low but still more than three weeks to wait before they can buy back or nullify their capital loss with the superficial gain rule.
Tough spot to be in watching the stock you have held through all the pain finally make some outsized gains. Regret and FOMO will bring some of those investors back in early.
BTE sell off is badly overdone. Greager needs to rebuild confidence in this name. He's got the assets. He needs to deliver and this will rerate. Oil prices do NOT have to be higher for BTE to double this year.
Moemoney42 wrote: I wouldn't be suprised to see the bump starting today.. no more tax loss sellers.. and the early loss crystalizers could be buying back already.. not to mention the sector rotation buyers/sellers
John S. just mentioned he's a buyer of BTE and VRN this AM on BNN.. ;-)