Vape Holdings Inc. (fka VAPE)

[neverenough44]

PLPE and the "January Effect"


Definition of 'January Effect'

A general increase in stock prices during the month of January. This rally is generally attributed to an increase in buying, which follows the drop in price that typically happens in December when investors, seeking to create tax losses to offset capital gains, prompt a sell-off.

With PLPE's price increase in December investors may not have noticed it but I believe that plpe was a victim of tax loss selling. The old peoplestring traded over a dollar in 2011. I think some of the selling pressure on December 31 were these old holders taking losses for tax purposes.