SCIL - bought @.125 today. hweb, re tax loss selling.
You said "I don't understand why they wouldn't just wait and see the numbers in a couple weeks. Could still sell in December for a tax loss"
Institutional investors like mutual fund companies sometimes
have a different fiscal year, so they need to do their tax loss selling by the end of October.
If the fund bought SCIL at a much higher price a few
years ago, for them a few cents per share won't make
such a difference because they will get a big tax refund
which is equal to few times what the stock is trading for today.
For us, a few cents a share from here is a large profit.
A QUITTER NEVER WINS AND A WINNER NEVER QUITS.