Wow, the original gang (OG) is back. Talk about liquidity sitting on the sidelines. The quality of analysis by everyone (Gary (OG), Gary (Korn), Gary (gbh), Bindasugar, Sector Investor, a few Yahoo threadsters, etc.) has been quite excellent over the last couple days. A couple comments and idle speculations.
10. After the 30-day wash rule, momentum boys and nervous nellies can rebuy their shares on 9/1/98 for the upleg to the 10/1/98 LU due date and mid-10/98ASND earnings acceleration. Maybe the 7/31/98 sell-off was exaggerated by the desire to avoid holding ASND during August (always a dangerous period) and to rebuy in Sept?
Hi djane,
Super analysis, I am impressed. I may be able to clarify one of your comments regarding the 30-day wash rule. As far as I know that the 30-days wash-rule governs only "losses" not "gains"; therefore those MO boys and nervous nellies can repurchase their shares without any tax considerations.
Also, by the way, I was the one who went all the way to a "traders thread" to get Gary K. back to the Asnd thread. Now I know where he is at, I will go get him again in a New york second!!
Nice weekend everyone!!!
Jan |
