People need to keep in mind that there will be lots of tax
People need to keep in mind that there will be lots of tax loss selling this year, given the serious decline in the stock price since the yearly high of ~$6.24 on Feb. 1. I'm sure there has already been plenty of it but I would expect it to accelerate in the last 6 weeks of the year, which will continue to be a drag on the stock regardless of anything other than spectacular news announced before year end. So I would suggest that those who want to continue to add to their positions do so on any pullbacks, as has been suggested there is often early day buying by those who are most enthused about any new news development, followed by a decline by sellers, be they short term profit takers, shorts, or year end tax loss sellers. Yes the afternoon declines are disheartening for those of us who are long term holders and eager to see our portfolio values increase, but my intent is to just hold on and wait for the rocket ship that I hope and believe we will see at the dawn of the new year as more and more positive news is released for public consumption!
All, of course, in my always not so humble opinion!!
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