Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (48107)	6/18/1999 2:24:00 PM
From: accountclosed	Read Replies (2) \| Respond to of 86076

i remember lots of the trades carried out by japanese insurance companies. perhaps the tax loopholes closed for them or other investors. i suspect that many of the trades were like repos with both the buy and sell back arranged in advance...and thus the market risk washed from the trade. a large holder of the stock that was willing to receive ordinary income plus a kicker selling to a tax advantaged entity that was willing to pay to hold the stock for a few hours.