GREY:XEBEQ - Post by User
Comment by
LongoGlueStickon Dec 28, 2021 9:47pm
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Post# 34266477
RE:RE:RE:The close
RE:RE:RE:The closeThank you tamarack, this is a good point. I do think we will see some short covering on Thursday as they will want to avoid the tax 2021 tax bill.
tamaracktop wrote: Anyone who sold for tax purposes has already done so. Noone waits for the last day, do you? Many people are on holidays and aren't really thinking about the market. That's part of the reason the move on Friday's half-day session on 400+ thousand shares was so unusual. Tax - loss selling won't be a factor tomorrow. Add to this the fact that any shorts who want to cover can defer their tax one year if they wait till Thursday to buy back their shares and you get a potent mixture for a nice move to end the week.