But, shouldn't Omicron boost our share price?
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Posted On: 11/28/2021 4:29:17 PM
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But, shouldn't Omicron boost our share price?
Absolutely, but when the news broke, everything got dragged down Friday. So my comment was referring to short term, not the coming weeks and months.
Most tax loss selling in OTC occurs in Nov so folks can buy back before January and avoid wash sale rules. So once we enter Dec I don’t foresee nearly as much downward pressure and, like you said, Omicron will (or should) have an upwards impact on pps. Variant-agnostic LL for the win.
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