Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (913)	8/30/2001 7:41:38 PM
From: gold$10k	Read Replies (2) of 36161

Isopatch, a great post with which I fully agree, but I have a question about September, October, and December. <<The recent continued weakness in the broad market indices is beginning to put institutions under a lot of pressure to sell with the end of the 3rd quarter barely 30 days away! The deeper we get into Sept, the greater this pressure will become.>> If I understand this correctly, in a year with significant losses, 1. funds and institutions would be under pressure to sell in September so that end of the quarter statements do not show them holding a lot of losers. 2. funds (and institutions?) would be under pressure to sell in October for tax loss reasons 3. individuals would be under pressure to sell in December for tax loss reasons. Many are looking for a bottom in October, but last year, December was lower than October for both the NAZ and SPX. Wouldn't individual tax loss selling in December still be a concern for those buying an anticipated bottom in October? I would appreciate your or anybody else's clarification on all of the above. vt

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