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PPLUS Trust Series GSC-2 V.PYT


Primary Symbol: PYT



NYSE:PYT - Post by User

Bullboard Posts
Comment by cat2caton Dec 21, 2000 12:45pm
165 Views
Post# 3025334

RE: NEWS! GOOD NEWS!

RE: NEWS! GOOD NEWS!Tax loss selling seems to have hit Pyng extremely hard. But even tax loss selling has it's 'up' side. Even selling at a loss will free up capital to re-invest. Most investors, once they have that tax loss cash in their account, then start to go bargain hunting. We saw some substantial selling in Nov. These investors were positioning themselves( re 30 day waiting period ) to take advantage of today's market and those investors who waited too long to sell and got caught in the squeeze. Savvy Company exec's are very aware of this and are now making investors aware of their future plans to try to take advantage of some of that freed up capital. The way to set up that 'launch platform' is through NR's that identify their Company as a going concern IN THE IMMEDIATE FUTURE! Hopefully, that is what Mike Jacobs is doing through today's NR. Like I've mentioned before, Feb./Mar. have been very good to Pyng investors. Cat.
Bullboard Posts