There are three Tuesdays left in November. That's my favourite news day, Tuesday - people haven't really woken up and gotten organised on Mondays, and later in the week leaves less room for the run before the weekend. Not that it matters a whole lot, but if i had my druthers, i druther the news came on a Tuesday. 'Halted at 09h00 eastern, pending news' ... ahh.
In two ways jdx is being affected by the tax system, i think;
1. The stock is not subject to pressure from tax-loss selling. Looks like it was last year, but this year most of the short-term holders will now be sitting on profits instead of losses. Tax-loss trading could even help to some extent, as people realise losses on dogs and move into stocks with more promise.
2. Taking profits before the last three days of December means coughing up cash for taxes in April of '00 ... with a trade date from 29 December onwards the tax bill falls due in April of '01 ... that's a whole year more you get to use your money.
Added to the expectation that the January Effect will be working quite strongly in our favour, i do think these tax effects will be factors in people's decisions.
Depth quite strong just now, roughly 45k on the bid down to 1.10, roughly 10k on the ask to 1.22 ... BAY chugging along, making regular new highs - two fine little stocks, n'est ce pas -g- ... cheers, all ... marcos |
