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No. of Recommendations: 6
I remember the late 1990's when there was massive tax loss selling of value stocks in Dec 1998 & 1999.

Prices often fell to ridiculously low prices only to rebound in Jan thru Apr - varied somewhat.

People had a lot of gains from the market darlings of the late 1990's and often sold their losers indiscriminately late in the year.

Today there are select stocks and sectors with massive gains and no shortage of stocks down for the year or multi-years. Except for the fact that taxes are lower today, it could results in some major down forces on a lot of stocks late in the year?

In REITs, no shortage of down stock. Major REIT sub-sectors with depressed share prices include retail and lodging.

I own enough retail REITs already, all grocery focused, and feel retail has certain headwinds beyond the current pandemic.


Lodging is not my favorite sector as I believe that neither GAAP or FFO adequately covers the massive renovation costs that lodging seem to continuously goes through.

That said, I wonder if post-vaccine, there will not be a LOT of pent up demand for travel. If the share price of lodging REITs get really depressed in December, why not pick some up for a quick early 2021 rebound?

Or is this too obvious and they will be massively traded up on any vaccine news?

I will be looking for tax-loss selling in the most down industries in December including lodging, travel, financial and energy.
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