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Strategies & Market Trends : January Effect 2007
IWM 247.32+0.9%Nov 26 4:00 PM EST

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To: Q. who wrote (9)12/18/2006 4:11:26 PM
From: RockyBalboa  Read Replies (1) of 94
 
Hello Q

so far I am snooping around in the biotech field. There are some stocks still going below cash after an implosion and as the months pass they may try again, apply for some drug and double... See stock like INHX, ICGN and quite some others. ICGN I purchased a little bit some time ago and now it managed to crawl back from 0.7 to about 1 now. Still below cash.

The poster child in that respect, having at least 9 lives is the perennial dog, GNTA. I bet that GNTA has still one more trick to show. Saying that, I think GNTA belongs into every yearend dogs portfolio.

I second your that that a necessary condition for realising tax losses is the presence of gains to offset - this presence must be widespread amongst investors so that many have gains to offset. This year looks good in that respect.

Another catalyst might be the coming modification of SOX.
It has been announced that the SOX burden is being eased for small companies. This can improve the stability of smallcaps with respect to their trading venue. I saw many small companies and not the worst ones folding their hand on a nasdaq listing and either moving to the pinks or completely deregister. Perhaps the SOX modifications help reverse this trend.
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