InvestorsHub Logo
Followers 6
Posts 237
Boards Moderated 0
Alias Born 05/20/2013

Re: None

Tuesday, 12/30/2014 11:01:02 PM

Tuesday, December 30, 2014 11:01:02 PM

Post# of 56968
The tax loss sellers are not selling this week. IF they do, they won't be able to buy the stock back until Jan. 29 or after waiting 30 days from the day they sold. There is a pretty good chance that we may get a significant announcement before the end of Jan. so those smarty-pants people may not be able to buy back in until after the stock has appreciated significantly. All that risk to save a couple thousand on your taxes falls into the "not so smart" category.

The smart tax sellers sold on Nov. 28 betting that we probably wouldn't get any news for the rest of 2014. Selling on Nov. 28 which many of them did i.e. volume on that day was 331,000 and the spread was huge at .46L and .57H. Those folks can now buy back in on the first trading day of 2015 in front of the announcements thereby making that move look very smart.

For the rest of us we can expect a decent volume on the buy side on the first trading day of 2015.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent QSEP News