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Biotech / Medical : taxloss selling
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To: Extra Pale who wrote (10)10/16/2000 5:04:12 PM
From: Biomaven  Read Replies (2) of 16
 
Actually there is institutional tax selling this month. Many institutions have October 31 year ends, and so they sell losers this month to offset any gains they took earlier in the year. They don't want to be in the sad position of making holders pay tax when the overall portfolio might be down.

Peter
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