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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?


To: Joe Krupa who wrote (6044)12/4/2000 1:34:31 PM
From: David Graham  Respond to of 14101
 
Joe,

It's important to note that most institutions (that is pension funds and endowments, not mutual funds) are non-taxable, so the 30-day rule has no effect on them.

Some mutual fund managers may try and capture tax losses to offset gains, but really, most fund managers don't care about retail tax issues - because most retail fund holdings are held in RSPs, which are, of course, non-taxable.

I'm not saying TD's selling wasn't tax driven, but there's a pretty small group that could be affected - individual clients with lots of money. Maybe somebody/mutual fund/money manager just made a horrendous decision about a stock that had been in a solid downtrend for 6 months.

I've done equally stupid things, just with smaller amounts of money.

Then again, maybe somebody was shorting the hell out of the stock (though its not my first option). Does anyone have TSE short interest for November?