Remember, at year end, traders and investors dump their losers in order to establish a loss for tax purposes. This activity greatly depresses these stocks more than normal, creating an opportunity for traders to buy these stocks and sell them for a quick profit in early January after they hopefully recover.
FreepikHere are several more tax selling stocks worth considering.This is a list of stocks that are down over 50% during the last six months, have a forward P/E of less than 50, and have market caps in excess of $300 million.
Maybe you can profit from another trader’s losses. Remember that these are low cap stocks and are very speculative. Some might never recover in January.More By This Author:Turn Tax Selling Stocks Into Tax Selling Bounce Stocks Stocks Going Ex-Dividend In December 2023Argentina Has A Libertarian President-Elect: How To Invest In Argentina
