SwingTrade Member Forum

[Traderfan]

RX.v, oh you are talking to someone who is convinced that the recent run up to 1.40 was completely hysterical and way too much in regards to their earnings.

A few months ago I already felt the stock was fairly valued in the 70 cents range and I admit I totally missed the run from 70 to 1.40 because I couldn't imagine that last quarter will bring in such panic buying all of a sudden. The quarter was good and nice but it wasn't that good. I guess I underestimated the fact that this industry just gets a much higher valuation than many others and that there was some serious momentum all of a sudden.

That said it could get interesting once again here, down 30% from the recent highs. But your point regarding the taxes is a good one of course. So you expect taxes in Q4 for the first time?