Apache,
They could sell tomorrow--the trade would not clear until 1999 (3 days), thus delaying the capital gains until next year.
Also, if people have large gains from short-term (>12 months) trades, the profit will be considered income, and taxes will have to be paid that quarter to escape penalties. I am not sure if this applies to longer-term holding periods in which the capital gains laws change this requirement.
Not trying to argue, but just things to consider. I, for one, am shocked at how it is trading, and feel fortunate that I only lost 1/8 of a point on my last attempt to trade this, around 67-68.
Regards,
G |
