I have sold enough (at what I consider a substantially over the top price as things stand) to completely wipe out my previous overall capital losses, which had accumulate over the past years - thus no tax yet. Sold because I am never going to get into that situation again. Thanks ADO.
[That is why I never ramp a stock. I have been there, and seen that - peoples certain expectation of sudden or future wealth crushed by an unexpected trial result or gradual erosion of paper gains.]
But once tax kicks in, it is a different game. You can't necessarily sell when you think a stock is overpriced with the tactic of buying back in as the SP drops (if assumptions are correct).
IMO, this is the current ADO situation - totally overpriced atm, but this may only be a short to medium term situation. For me, the longer term risk/reward prospect is still very positive from the current SP.
Thus I will not be selling any more. I will confidently ride out (my current) expected SP drop.
