posted on
Dec 23, 2010 02:56PM
"SOMEONE expects some action soon."
I am betting that it is not based on any expected action soon but simple accumulation for long term hold or more appropriately called, for control purposes.
Anyone expecting news etc. would just buy, no crossing involved.
A share transfer means a transfer of a loss from one fund into another where the tax break would be more beneficial. This would be so if both holds were by the same entity, say a bank fund. A likely possibility at this time of year.
But I smell a rat. I suspect a transfer from one entity to another.
Completely different scenario.
I repeat, beware.