Q: Having erroneously believed that momentum runs in a straight line, I purchased both of these equities in a 'new' account, earlier in the year, near their lofty heights. Are either of both considered a reasonable candidate for a tax loss sale? To be re-purchased a month or so later per your recommendation?
5i Research Answer:
While we think both are fine, we doubt either will 'spike' higher in 30 days, and we would be quite comfortable with a tax loss/re-buy strategy on either stock.