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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: Q. who wrote (2486)11/22/2000 8:27:27 PM
From: chester lee  Read Replies (2) of 2506
 
Ñ,

Thank for running the screen. My premise of a heavier than average tax loss selling was based on the steep decline of the overall market, which has happened. What I didn't anticipate was the market averages and market in general to be beaten this badly, escalated by the continuing earnings weakness and politician bickering over the presidency, to the point where I suspect the average investor is going to end the investment year relatively flat or more likely deep in the red. Given that, I can't foresee a whole lot of tax loss selling, which is usually a strategy to offset large capital gains. In the absence of large gains, why sell losers now when the market is near its low, given that US taxes only allow for a $3,000 loss to be taken this tax year and the excess of $3,000 carried over to future years.

Your thoughts on this are appreciated.

Chester
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