ha! articles like this could drive more shorts into the mix, making RIMM even more susceptible to squeeze before dumpage.
Beware Of Research In Motion And Nokia Near Year-End Such is the case with RIMM and Nokia. Although both stocks have seen a huge rebound in the last few weeks, both are still negative for the year. RIMM is still down 20.5% since 2011 year-end, and Nokia is still down 27.6% from the same time. Also, both RIMM and Nokia have fallen massively over the last few years, so it's likely that a lot of their shareholders still have large losses they might realize in these names.
Given this effect, it's probably wise to sell RIMM and Nokia into the present rallies, even if one plans on staying in the names come 2013. This can be achieved by selling between now and the end of November, and then buying back the names after a month plus one day has passed (this ensures the sale is valid for booking any existing losses).
Conclusion
Nokia and RIMM are two stocks that are very likely to get hit with tax selling near the end of 2012. As such, it might pay to anticipate such selling and sell into the present rally, even if one wants to stay in those two names. Then closer to 2012 year-end, the tax selling can be used to re-establish positions.
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