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Message: The January Effect

This one is from within my online bank (DnB) so I can't provide a link.

The January effect - Received 7/12/2010 9:48

If we look at developments in the main index through December-January over the last decade, the index has in nine out of ten cases increased during the period from 20 December to 6 January. The exception was at end of 2006/2007, when the index dropped 2%. If we go deeper into the matter, we see further that stocks with negative returns for the year t.o.m. 14. December have given a higher return out to 6 January. One explanation may be that some investors want to realize the loss of tax purposes, but it may also simply be a need to start a new year with a clean slate that gives selling pressure in the first part of December. Looking at the larger shares that would seem to offer the best returns into the new year, it is REC that sits atop the candidates list after a a fall of 55% so far this year. Other potential candidates include Questerre with a target price of NOK 25 per share.

(I have removed a good deal of text not relevant to QEC from this article).

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