It’s just a hunch. [more]
Bed Bath and Beyond have their quarterly report tomorrow. Since the insiders own almost 5% of the stocks it seems they will do anything to keep the stock prices up. [more]
Normally investors are advised to sell their losers in December to offset their gains and get the tax write off. Since many investors already sold losers earlier in the year and may not have any gains for the year they might be waiting for January to take the losses.
Assuming they will make a profit in 2009 from bargain shopping they will need to start the year with the tax deduction to offset the expected gains.