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fx- This the shaver you got for Christmas?

 

 

philips.jpg

 

Was Tuesday the last day to sell for tax loss selling in the U.S. Settlements and what not, or can losses continue to be sold for tax purposes thru year end? Tuesday was the last day for tax loss selling in Canada and I just want to be sure about the U.S.

 

Note: Merely want to know if selling pressure can still influence these holiday trading sessions.

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Another 500M net add.

 

Temporary Open Market Operations: 12/26/2002

Maturity Date: 1/2/03

Delivery Date: 12/26/02

The Desk has entered the market announcing: 7 day RP

Temporary Operations Statistics:

Treasury Collateral Operation Agency Collateral Operation Mortgage-Backed Collateral Operation

Weighted Average Rate

NA 1.337 1.362

Stop Out Rate (Lowest Rate Accepted) NA 1.330 1.350

Highest Rate Submitted 1.290 1.350 1.380

Lowest Rate Submitted 1.150 1.280 1.250

Total Propostions Submitted (In $Bil.) 18.000 14.000 11.500

Total Propositions Accepted (In $Bil.) 0.000 3.250 4.250

 

Total Money Value of Operation (In $Bil.) 7.5

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Looks like maybe a replay of Sept 10 - Oct 7, in which case it will be up tommorow to a higher high and then down, down, down, with a few whopsaws. Maybe even a gap down on the open Monday. Ah, but is it ever the same? In any case I can stay short here and it won't matter much in the longer run. Going into cash now could be dangerous to my wealth.

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To my Amazon short: Yes, yessss...come to me my precious. Smeagal likes, smeagal likes!!

 

Down down down...Amazon going down...down, down down...(repeat).

 

Oooh I love it I love it.

 

Now, what I've never been good at is riding out my winners.......when to cover....hmm. Long-term short and hold is good on AMZN, but instant gratification and $ in the bank is nice too...hrm.

 

Nah, I think I hold my shorts. =)

 

AgentSmith

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