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Tuesday, December 15, 2015 8:38:45 AM
I suspect that you will see a lot of selloff in the next couple of weeks before years end. SLTD, unfortunately, is in negative land for a lot of investors. Since you can claim up to $1500 in investment losses on your tax return this year, I think we will see a number of people take advantage of that and selling a portion of their stock in order to reduce their tax position. Myself included. (Anyone thinking of doing this is reminded that the IRS will disallow your loss if you buy back in prior to 31 days after taking your loss.) personally I see minimum risk in doing this as I don't expect the PPS to change much until end od March 2016.
An added advantage is that in all likelihood you will end up reducing your average PPS. (BTW, this doesn't work in IRA accounts, at least to my understanding.)
So,since we are all gamblers to begin with, I think this might be worth everyones attention. This doesn't in anyway mean that I have lost the faith. It just a business decision that can offset other obligations. In my case I can buy back in mid January. Long before, I believe, any action will be taken that would substantially improve the PPS.
There you have it. My ONE POST OF THE DAY! Have fun whoever you are. See you tomorrow.
John Maynard Keynes1883-1946
Invest, don't speculate! "Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market."
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