Tax Selling before year end- Will this stock go down?
This stock has gone up like 150% in a year.... people who hold this stock are in the green and may want to take advantage of the lower rate of taxes on capital gains. I could see them getting out before new years, and then getting back in after the near year with a higher cost basis....
This stock won't be budging much more below 10 this year in my opinion - too many things happening at just the right time. Sad to say, though, that institutions are gonna be bidding up the cost over the next few weeks, only to collect a few quick bucks. Fundamentally, SNTS is doing everything the large pharma companies are NOT doing. I'm guessing mid-high teens on this one.
Yeah but what if the stock shot up like a Rocket on the first trading day of 2013?
You aren't talking about much savings. Plus, who says the taxes are going to be higher in 2013? We haven't gone off the cliff yet. They are still working a deal. What if Congress keeps everything the same? The stock market will blow up and you'll be stuck with a pile of cash.