Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Sir Auric Goldfinger who wrote (1)	12/26/1998 12:39:00 AM
From: KeepItSimple	Read Replies (1) of 3543

1. The collapse will begin on Tuesday, December 29. The reason is that this is the first day that people with huge capital gains can sell their stocks and not have to pay taxes until April, 2000. The reason it's Tuesday and not Jan 4 of 2000 is that there is a 3 day settlement period, so proceeds from sales on December 29 are not taxable until they are "received" on Jan 1, 2000. This gives everyone 1 trading day to initiate short positions for the coming collapse. On Tuesday the knowledgable people will begin selling. The less sophisticated investor will wait until Jan 4 (the first trading day of the new year) without realizing that they could have sold next week. This will be their fatal error.

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