Palomar Medical Technologies Inc. Message Board

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  • blue_devil_ninetynine blue_devil_ninetynine Oct 26, 2007 10:42 AM Flag

    tax selling and investor lawsuits

    An entire sector that is clueless, and lawsuits for an underperforming stock price. Smart, real smart...

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    • Tax selling by the funds is probably over as the funds end their year 10-31 and put out reports and portfolios to the owners. It is a practice that the funds want the report to be clean and look good, which means they sell off the stocks that have had poor performance so they do not show on their holdings. If a fund still has PMTI after the past months, then it would be fair to say they probably plan to keep it, and this is especially true this year as positive market results has funds able to take losse in positions they do not want to retain against their gains. As to lawsuit, you can have them anytime, but what basis would you have for filing one with merit? Stock down-- I wish it was not down, but not a justifiable reason. Lets hope that bottom is about in, and the positive developements discussed on earlier posts today start to give increased investment interest to funds and individuals.

 
PMTI
13.44May 22 4:00 PMEDT