that makes the most sense. especially if folks believe the new administration will raise cap gains tax like they promise. They know they can take the gains of 20%, pay the lower tax and reinvest after the first of the year. The price could take off after the new year. I agree with your assessment
Makes sense to sell and take tax loss especially if you feel confident that you have a 30 day window of no news to propel stock upwards. Today's institutional seller(s) will probably be back in early Jan. IMO