2004 = Eleven Month Loss $0.14 = from $0.23 to $0.09
(from 31 December 2003 to 30 November 2004)
$0.125 = 14 December 2004 Low
$0.135 = 10 January 2005 Recovery
2005 = Eleven Month Gain $0.01 = from $0.13 to $0.14
(from 31 December 2004 to 30 November 2005)
No significant tax-loss selling because of the overall yearly gain.
2006 = Eleven Month Gain $0.02 = from $0.16 to $0.18
(from 30 December 2005 to 30 November 2006)
No significant tax-loss selling because of the overall yearly gain.
2007 = Eleven Month Gain $1.31 = from $0.19 to $1.50
(from 29 December 2006 to 30 November 2007)
No significant tax-loss selling because of the overall yearly gain.
2008 = Eleven Month Loss $1.19 = from $1.45 to $0.17
(from 31 December 2007 to 28 November 2008)
$0.125 = 15 December 2008 Low
$0.40 = 6 January 2009 Recovery
2009 = Eleven Month Gain $0.265 = from $0.20 to $0.465
(from 31 December 2008 to 30 November 2009)
No significant tax-loss selling because of the overall yearly gain.
2010 = Eleven Month Gain $0.01 = from $0.53 to $0.54
(from 31 December 2009 to 30 November 2010)
No significant tax-loss selling because of the overall yearly gain.
2011 = Eleven Month Loss $0.23 = from $0.50 to $0.23
(from 31 December 2010 to 30 November 2011)
$0.24 = 15 December 2011 Low
$0.375 = 10 January 2012 Recovery
2012 = Eleven Month Loss $0.165 = from $0.30 to $0.135
(from 30 December 2011 to 30 November 2012)
$0.12 = 24 December 2012 Low
$0.155 = 2 January 2013 Recovery
2013 = Eleven Month Loss $0.07 = from $0.125 to $0.055
(from 31 December 2012 to 29 November 2013)
$0.045 = 27 December 2013 Low
$0.075 = 28 January 2014 Recovery
Caution: The trading has not been consistently heavy enough to make the figures significantly predictive. Also, I cherry-picked the swing dates, which tends to make swings bigger than had I picked random December and January dates. Furthermore, of course, in December and January, other events and other motivations exist besides tax incentives.
My Conclusions: Nonetheless, indeed, Fancamp tax-selling does exist. At this time of the year, we can take some consolation in that. However, the degree of it is debatable; and the extent of it widely varies.
What I found a little surprising was the fact that the price swings, as a whole, were more pronounced from mid-December to mid-January as compared to the end of December to the end of January. The reason possibly could be the sellers generally don’t wait to the last day of the year to place their orders.