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MTJBKH

12/03/08 1:49 PM

#240267 RE: j70k #240264

There are lots of better candidates for tax loss selling. Of course, if we keep plunging, we'll be a fine candidate!!
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habu

12/03/08 11:24 PM

#240368 RE: j70k #240264

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