That's true however there are those that want immediate returns, similar to day traders and flippers, that would take the profits to reinvest elsewhere. Not saying there's anything wrong with that just stating my opinion.
If you hold for a year or longer, you'll incur Capital Gains Tax of 20% compared to straight income tax, which could be double or more depending on how much return you make on your short-term investment.
If the stocks are converted, that certainly leaves room for many to hold onto the stock, and obtain LT cap gains, and push the gains out into next year before recognizing. Also, you can spread the gains out over several years if you chose. While holding JPM stock may not be fun to see, I believe that in the long term (especially receiving preferential treatment from government), there is good value, and may even be a very good investment move.
News 
Market Data 
Discover 
AI
