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Re: Larrybirdlegend post# 207508

Friday, 08/09/2019 9:30:24 PM

Friday, August 09, 2019 9:30:24 PM

Post# of 448122
Quote:

"Too afraid to sell now and buy back later."

A couple of thoughts of that. Yep sure some of us would hate to take the chance to sell and then time the repurchase as who knows the thing could zoom up (BO out for instance) and we could be out of the stock when that happens.

But also, a lot of us are now sitting on long term cap gains. By selling now and repurchasing we now have to wait at least one year to get long term cap gains and if there is BO before a year is up then all the gains would be short term. So from the tax perspective probably not a great idea to sell and try to rebuy.
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