I'm with you--we're here to make money. I sold my shares before the dividend, bought puts. against this possibility. The puts doubled today;
i sold half and I'll sell the rest soon and buy the shares back, hopefully for less. I like NRF, have owned it for years, but this was a nice opportunity.
Much of my NRF position is in a taxable account that I purchased for under $10 less than a year ago.. you're telling me it would have been smart to sell above $16 to prevent today's loss of ~3-4%, when by doing so, I would have locked in short-term gains taxable at over 40% (Fed & state)? Methinks it is infinitely wiser to wait for the LTCG tax treatment at a savings of 20%+ on my taxes. 20% vs 4%.. Yeah Gekko.. do not pass go and do not collect $200..
Oh my god paying taxes on profits? That's horrible. Making investment decisions based on tax treatment only is poor advice. The idea is to make money, not buy and hold forever. Down another 3% today…..