Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Yougang Xiao who wrote (85659)	1/6/2000 7:19:00 PM
From: Petz	Read Replies (1) of 1584039

Yougang, re:<the guy who cooked the 32 price is most likely trying to scare away weaker hands by artificially inflating higher down percentage.> I think its a tax strategy. He sells the stock cheap from a taxable account to an IRA account. Then he sells at a high price from the IRA account back to the taxable account. He thus builds up tax losses which are really illegal extra donations to his IRA account. The ideal vehicle for such a strategy is a stock with enough volume to be on some broker's after-hours list, but not enough volume to have a narrow spread. Petz

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next