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Biotech / Medical : Ligand (LGND) Breakout!
LGND 203.18-1.4%Nov 28 9:30 AM EST

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To: Zeuspaul who wrote (11719)11/26/1997 12:02:00 AM
From: Proton  Read Replies (1) of 32384
 
Re: EOY Selling

Is there a particular time in December when tax selling typically occurs?

What do you mean "December?" ;-)

Given the move of money into mutual funds during the past five years, their selling has become increasingly important. Selling losers for them serves two purposes:

1. Raises cash for capital gains distributions
2. Closing losers helps offset the aforementioned capital gains

A lot of this is now done in November.

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