GREY:BNKPF - Post by User
Post by
tinman8on Dec 18, 2009 2:39pm
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Post# 16602039
TAX LOSS SELLING ENDING ?
TAX LOSS SELLING ENDING ?There is no doubt in my mind that the SP was driven down in recent weeks due to tax loss selling.
The recent SP - (in the $1 range) - ran IMHO completely counter to the fundamentals.
The jump today may reflect the end at last to tax loss selling which has crushed the SP lately.
The SP could easily return to the $1.35 - $1.60 range in the next few weeks with a more even balance in the number of buyers and sellers.
GLA