The analyst plans to take a long position in SMH around 10% allocation for the current cycle but is delaying due to tax constraints.
Likes the 10% allocation to SMH for this cycle but must wait due to maxed out tax limits; plans a big rotation to preserve wealth.
@TinyToothDDS @ironimmigrant Thank you. I like how you went 10% $SMH for this exact cycle. My big constraint is the tax (already hit all my max short/long term tax this year). So i need to wait out a bit longer. I plan a big rotation to preserve wealth...
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +2.9% | +2.8% |
| 1 week | +0.2% | -1.5% |
| 1 month | -9.3% | -10.1% |
| 3 months | — | — |
| 6 months | — | — |