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conix

12/27/08 9:13 AM

#32465 RE: Soapy Bubbles #32455

Soapy--Tax loss selling usually starts in November so that sellers can take their loss--in expectation that the stocks will get even lower going into December. If those sellers see a low price in Dec--and 31 days have gone by since their sell (wash sale rule) , they can buy in at a lower price and have a tax loss.

Nice. Happens every year. Been doing this for 15 years. I trade more between December and January than I do for 4 months in the middle of the year.