Its kinda what I had in mind, posted a similar sort of idea, though I had my half point at $30 for my first sell, tho $26-$27 could be a stopping point, but why? Why that particular figure?
Is it because it would be a double out from $13, which is where smart buyers might have gotten in? I am thinking that people were either and and averaging down through the panic sell, in which case I am not sure what the double out would be, or they will be buying in on the Monday gap in which case $26 will not be a double out. Feedback?
I myself am not a shorter - just dont like the whole philosophy of "killing" a stock that I like, and I never buy any stock unless I DO like it. But I understand that people do so it is good to be aware.
I am not sure that I agree with you that the drop after the first rise, will pullback that hard - below $20. I think there will be resistance to the downside at $20. Anyhow, I will be watching hard.
One thing for sure, if I do a partial sell, I will be sure not to sell out my whole position cause I dont want to find myself chasing the stock to get back in, as has happened to me many a time before.
Besides - I am not sure it is really worth it to take the tax loss. If one just stays in the stock through $26 (lets say your scenario is right) back down and back up again, then one doesnt lose that huge percentage in short-term daytrading tax loss!
If it goes to $24 and pulls back to $21 and then goes to $27 and back to $24, etc., is it worth it to churn it?
Charger |
