Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Sultan who wrote (3792)	11/30/2001 12:28:52 PM
From: Cush	Read Replies (1) of 5144

Usually have CNBC on with the sound muted, during the day. For some reason, I listened to an interview yesterday with some woman who was describing a tax-loss selling technique that is based on the 30 day rule. I think the technique was called Doubling Up or Doubling Down. Basic idea was as follows; (as I heard it) Rather than selling a position to take the loss, with idea of buying back-in in 30 days (i.e. this year, so Nov 30 is last day), some investors choose instead to Double their current position. Then; if price is higher at year-end - they've gained or if prices are lower at year-end - they sell half for a greater tax-loss than would have been realized by selling now. Perhaps this could be the reason for some of the buying we saw yesterday afternoon, and again today. If anyone understands this concept differently, please go ahead and correct me. Cush

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