Post by
retiredcf on Dec 18, 2020 10:05am
Tax Loss Selling?
Never thought we would be a candidate this year but given that the SP has fallen 30% in December, we may now fall into that category for those who purchased at the beginning of the month and will swallow their pride and bail to claim the loss. Hopefully this is short term pain for long term gain. GLTA
Comment by
KBizz1 on Dec 18, 2020 10:16am
I wouldn't get too concerned with the pull back. SP had a wild ride up in November. We have seen 3 runs like this in 2020... each time catalyzed by expected news. Each time it pulls back 30-40% but ending up around 10-30% higher. January we will have some more news as the company continues to execute the strategic plan... and the pattern continues. Stay level in the volatility. glta
Comment by
retiredcf on Dec 18, 2020 10:58am
I'm not planning on going anywhere as this is a long term investment. That said, I was a bit surprised by that size of a drop in less than 3 weeks. Here's to a profitable 2021. GLTA
Comment by
ddogold on Dec 18, 2020 1:27pm
I too am surprised by this persistent sell off . Guess I bought a bit early yesterday . That being said I’m here for the longhaul .