Post by
woolco999 on Nov 09, 2021 8:28am
Tax Loss
Sadly....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
Comment by
DeepCove11 on Nov 09, 2021 9:47am
You could be right but personally I can't imagine this going lower than 3.15 as a lot of the downside has been factored in and revenue keeps growing. I guess we shall tomrrow. If we get some tax loss selling down to low 3's... back up the truck for an easy double within 3 months! Just my 2 cents :-@