InvestorsHub Logo

Bolio98

12/29/21 4:34 PM

#364820 RE: ggwpq #364814

I still don't get that, especially for AMRN. Why wouldn't you want to be back IN AMRN on Jan 3 if you were going to get back in at all? Only those getting out for good would wait till EOY. Otherwise you'd sell around Dec 3 so you could get back in Jan 3. That's the way I've usually done it.

FlyFishingStocks

12/29/21 6:09 PM

#364841 RE: ggwpq #364814

Tax-loss selling will finish in 2 days. No way to go but up in 2022.

Not necessarily. the stock price doesn’t go up simply because it's gone down. It wouldn’t take much to see significantly lower prices; steep market sell off (ala January 2008 right after a similar runup), additional covid19 outbreaks, roadblocks on the legal front, etc…

Just because the PPS is at a 52wk low doesn’t mean the risk of owning the stock is low as well. In fact, with AMRN, there is an inverse correlation – meaning risk has never been higher.

As generics continue to erode US scripts, Covid lockdowns are hampering the Germany launch. Meanwhile, nothing from China (who can trust them??).

IMO, it’s natural to be hopeful as a new year approaches and we are all expecting something to break the trend, but that hope needs to be tempered by reality (my stops are in place).

January 2008 Market rollover