SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Autobytel (ABTL) - Buy Autos online
ABTL 7.020+0.3%Oct 6 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Panita who wrote (530)10/26/1999 2:49:00 PM
From: Bill Ounce  Read Replies (1) of 594
 
re: direction up or down?

You guys may have something with tax loss selling. This will have some impact on the stock price. But other items should have more impact. Investment based on tax loss reasoning alone is a bad strategy.

Internet .com stock sector impact
This stock has gone up and down (uh-hem mainly down) with the correction of the recent net IPOs. This should be greater than the tax loss impact. My reasoning is: If one stock does poorly in compared with a sector, it sticks out as a loser and perhaps should be weeded out of a portfolio, what better time than for tax loss advantage. ABTL doesn't really fit that. If ABTL was down and AWEB up, then tax loss could be a major factor.

In this case, most stocks in this sector went down, none of them are individually losers. Perhaps the sector itself is a loser, so people could dump them all (Ouch!) to take the tax loss, But there is also a fairly good chance that the best of a sector could rebound in the future.

general market direction
Think this is more significant as well. If the entire market corrects or even just NASDAQ corrects, ABTL will go down with it. People may sell ABTL in a flight to more stable equities (or even cash). If the market were to crash due to a Y2K panic, ABTL would crash along with it. People bailing would take advantage of the tax loss, but most people are trained to sit these out so they don't sell out at the bottom...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News