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Tower Group International, L.Ş. Message Board

  • bobof1y777 bobof1y777 Dec 21, 2013 10:25 PM Flag

    what is the status of sales to book losses to offset gains?

    when will it be done with?

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    • You think last week's market action in this POS was simply to book losses against taxable gains? In reality most of the long termers got out long ago, not to offset gains but to stop the bleeding. Current holders are mostly bottom fishers that are finding that they are not at bottom yet, and they too will bail on the next piece of bad news (likely regulatory action against one or more of the subs.

      The longs have one hope left and that is that the clowns that had the inside scoop on imminent SEC filings may still be interested and willing to bid this turd up in advance of the next filing on the hope that it brings less-bad news than we have all come to expect. That will offer the current longs an opportunity to bail out at a bit better price than they see now, before reality brings the next downdraft.