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DrHigh

01/05/26 2:15 PM

#807098 RE: FeMike #807097

volume is drying up. this was retail buying frenzy with approval expectations like we have had countless times over the last 2 years. this better not be a headfake before new lows
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KevGee59

01/05/26 2:23 PM

#807104 RE: FeMike #807097

Exactly!
That's why we have what they call a 'January' effect. Because people don't wait until December 31st to sell their losers for tax benefits.
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manibiotech

01/05/26 2:25 PM

#807105 RE: FeMike #807097

Agree. I would assume lot of them will time their sells so that they can buy backs starting first full trading day of the year. 
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skitahoe

01/05/26 2:40 PM

#807112 RE: FeMike #807097

Iron Mike, while I'd agree you can do that, I really believe that once the Annual Meeting was announced, people who didn't buy as many shares as they intended to sell for a tax loss in November would wait for the Annual Meeting and see what happens before selling.

Our trading range this year was rather narrow, compared to past years, I don't believe nearly as much tax loss selling occurred than in some of the past years.

Let's see where we close today, if we continue to move up at roughly a penny a day and approval comes near the end of the month it would put us into the $.35 to $.50 range I believed anticipation would bring.

Of course, if something more confirmatory occurred we might see a more rapid accent and much higher numbers, but I don't know that we'll get such confirmation.

Gary
Bullish
Bullish