you sold to early. going to at least 48.20. by tomorrow am, and looks like it wants to get to 48.50. hrly chart showing a wave 3 confirmation. wave 4 pullsback from 48.20 or 48.50, and wave 5 ends at 48.50 or 50+. all just depends on how it feels lol.
The difference in tax rate between in and out versus long-term is tremendous.
There is also a lot of market uncertainty right now IMO. I have no idea which we'll see next: S&P 1400 or S&P 1100. In and out may give you some protection from S&P 1100, but it risks missing out on the optimistic alternative. Buying the couple of good stocks beaten down in the past quarter SHOULD limit downside, while maximizing potential.
I bought ABT on Tuesday, and am quite satisfied with its performance during an S&P retreat.
I am holding cash to take advantage of an S&P pullback, but I'm not gonna become a short-term trader because of that risk. I'd rather keep buying strategically on value and look for multi-year profits. I don't see how ABT can be in the $40's in 2013. $50's? $60's? Probably. And meanwhile a 3.7% annual dividend off of my purchase price.
I do. Trying to keep my portfolio at 3% yield. ABT helps that. I like the share price potential AND the yield on this stock. It added well to the healthcare sector of my portfolio. Now I need to add some positions outside of healthcare to keep me more universally diversified.