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Monday, December 28, 2020 10:21:51 AM
WHY WOULD YOU WANT TO PAY CAPITAL GAINS TAX AND STATE TAX 5 DAYS BEFORE THE END OF THE YEAR
Because if you think for a second that state taxes and federal capital gains taxes aren't going to go through the roof after this year, you're crazy. I can easily see capital gains going to 30+ percent as soon s Biden takes over. We are handing out trillions of dollars with no way to pay for it other than a massive tax increase and getting in deeper with the Chinese as they buy more of our debt. This is not a bad time to take some off the table and ride the sidelines, even if you have to pay tax. If you bought in at a dollar, you're sitting on a 5 bagger. Take it and run. Been down this road with Amarin. Stock went from 3 to 26 with FDA approval only to get beat back down to 4 and change due management's poor handling of a patent lawsuit. An EUA might pop this stock a little but it won't be the lightshow everyone's expecting and the pop won't last longer than a couple days. It all comes down to management and this company has too much of a spray and pray strategy for me.
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