Q: CSU and TOI are slowly starting to recover but not LMN. Also I see now that there is a constant seller fo LMN at $25.70 and they are putting blacks of 5K and 10K to sell.
Do you think this is a fund trying to get out and also do funds also sell for end of the year tax selling purposes?
thanks
Do you think this is a fund trying to get out and also do funds also sell for end of the year tax selling purposes?
thanks
5i Research Answer:
This is likely a fund or other large investors simply wanting to exit. Yes, most funds do manage tax exposure and can be involved in tax loss selling.