Is Monday time to buy some stocks that have been beaten down during the last quarter. Have institutions been selling their losers coming into the year end, and will they begin to buy them back in January, or as soon as the wash rule allows them to?
2007-12-29 02:42:36 · 4 answers · asked by Mark S IV 3 in Business & Finance ➔ Investing
Gem, I'm not looking to go long, just hoping for a few short term trades.
2007-12-29 02:51:51 · update #1
Once we get through the 1st qtr foreclosures should drop off fairly quickly. So I'm looking for a drop in Feb - Mar. and then a bounce back in the second qtr.
2007-12-29 02:54:58 · update #2
muncie.......you first....
2007-12-29 03:10:14 · update #3
sunshineinmyface, for me December has been a very good month. I got lucky and positioned my portfolio well during the downturn in November. I've been lightening my positions during the last couple of weeks, and I'm just hoping to pick up a few stocks for January.
2007-12-29 03:44:24 · update #4
That has been the trend in the past. I believe there have been studies of that effect by erudite college professors looking to make a name for themselves. Go ahead and see if it will work on C. ha ha ha.
2007-12-29 03:02:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The losers I own have been extremely weak as of the past few weeks. I really think that people are throwing in the towel and capturing the tax loss. They have one more day to do it. Once January hits, the tax loss capture incentive is gone so I would think there would be a lot less sellers. Since the technical downward trend has been established by this selling, I do not know what would be needed to push them back up except for the now absence of tax sellers. But I will tell you this, I own some that are now irrationally low. I would expect them to go back to the mean at some point so I think your theory would work.
2007-12-29 11:19:44 · answer #2 · answered by sunshineinmyface 2 · 0⤊ 0⤋
We haven't even seen the losers yet.
Prediction: recession will finally be called in 3rd quarter
bankruptcies will be at an all time high in 2nd quarter
and stock market will lose 10-20% overall, if not more
Hang on folks it is going to be a bumpy ride
2007-12-29 10:47:07 · answer #3 · answered by Gem 7 · 0⤊ 0⤋
I think Monday will be "sideways". Wednesday will be a disaster. The following week or two.... things may get better.
Having said that.... I'm a trader, I do as the market "tells me", not what I hope, not on what I believe. I'm a trader, not a gambler. I don't think "gamblers" over a long period of time, ever make money.
2007-12-29 13:33:42 · answer #4 · answered by Common Sense 7 · 0⤊ 0⤋