Q: Would it make sense to take a tax loss on GIB.A now, and buy back in 30 days? Is there much risk in missing out in a sharp rebound ? Roughly how much of a rebound would this stock have to make for this plan to not make sense ?
5i Research Answer:
We would be fine with a sell/rebuy strategy. Generally, depending on one's tax rate, it takes about a 20% rebound to offset tax benefits.