heels, Hope your Holidays are going well.
But on your question of who's buying; how about ED or Carol &/or friends, as the buyers. We do "try" buys and sells to see what will happen, why not the same from them. A bunch of small buys could give the appearance of activity, move the SP, and be beneficial to the program they have in mind, at least in their eyes. They could just be fishing for reactions, before putting out more propaganda, and dilute again.
The tax write off angle would fit right in with someone that would buy here now, loose money on purpose, and then pay less taxes in 2008 or 2009. But in actuality they loose more dollars on the buy/sale play loss than the number of dollars they will save on taxes, because the taxes are on a percentage basis, and the trade is dollar for dollar.
For a look at the logic in that maneuver, just crunch the numbers using the IRS tax tables. But the best way is to do your complete tax return, then plug in the substitute numbers where appropriate, complete it again, AND then count the dollars lost on purpose against the so called tax savings. That is what most people don't do. Unless you are in those super high income brackets, you won't do that again.
If you loose it on a bad stock choice, that's different, that's what the write off was designed for.
Could also be a really hopeful someone just playing with left over junk amounts in a free trade account. Good luck to them.
I only need $30 per share to BE. Oh, that's right, the divis are going to save us in January. Oh, Happy New Year, Carol has declared it the "the year of the DIVI". I will probably need $31 to BE after they arrive. GLTY LC
