Fortress Global Enterprises Inc - Class A FTPLF

Forest Products Lumber & Wood Production

Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.

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Fortress Global Enterprises Inc - Class A

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Comment by OptsyEagleon Jan 06, 2011 8:58am

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Post# 17931878

RE: RE: RE: RE: RE: RE: RE: Just Some Tax Gain Sel

Spook2, just so that you know, tax loss selling is done and settled before the 1st of January, tax gain selling can happen after around the 24th of December but from my experience it tends to magnify on the the 1st and 2nd day of the new year. It is when people defer their selling in December until the new year in order to defer their capital gains taxes for a year on the stocks that have done well in the previous year.

The only exception I remember was the incredible market pullback that happened in the new year of 2000, just after the huge gains that were made on tech stocks in 1999. That week, tax gain selling went on for about 5 days, however, I would suggest that the last 2 or 3 days of that, was just momentum selling. It went away right after that week and stocks powered back very nicely after it dissappated.

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