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J.T. The DD King

06/03/13 2:32 PM

#295 RE: samiamla #244

Here is a DD-Amanda scan of the trades from the past month or so. I believe every share traded was "Air" and the 100-300 share trades are cross-trades to bid whack the pps to loser or remove unrealized gains on the MM"s SSOI statement (IRS Supplemental Statement of Income) that's due every other month between the 10th and 13th.

If you have ever seen an illiquid ticker get bid whacked for a trade amounting to like $5, that's the reason why.

The MM's will box quotes, execute a cross-trade which drop the pps by 20% 50% then they do not have to pay taxes on unrealized gains, but can claim unrealized losses instead.