If it's true that a large amount of people close their trades, Wouldn't it make sense that it would be in reverse on this stock, with the extreme short interest that shorts would cover their trade to lock in profit? Shorts are talking like it's only the longs that would sell. Am I missing something?
Here's the part that puzzles me: If tax selling were really all that big a deal in general, wouldn't the entire stock market tend to tank every December? I mean, presumably tax laws apply to all stocks, not just UNXL... right? But in fact, December is an UP month for major indexes most years.... You don't suppose someone's been trying to pull our leg, do you?
Sorry to say but I think you got it backwards. No one wants to take a profit at the end of the year because they'll have to pay the tax in April. If you can hold off until January you can defer the tax until 2015.
The shorty are trying hard to cover but they are greedy don't want to cover at a high price by plan the SEC ..BS it did not work out for them on Monday .now they are trapped !!! They only have on months left to lock in any profits . if not ! next year they won't see a penny !!!
To all longs hold on to your stock . We will be rewarded.