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robinhood - they could be crystallising losses to set off against other gains, if they bought at/near the peak.

I guess the buyer of 1,000,000 is looking to make a profit, rather than crystalize a loss :)

Do we have a turning point ?
Will the 1,000,000 buy inspire more buying tomorrow ?
Will we get news tomorrow ?
Stay tuned for the answers to these and many more strange questions !

Stockdog,
You beat me to it. As you rightly say, some punters will be selling to take a loss to put against profit re capital gains. I did same myself last year. It's a pity the old method of b and b no longer applies. Yet another nice little ploy closed by that nice G Brown.

So once you've sold shares at a loss to offset against profits elswhere, how soon can you buy them back without incurring the grave displeasure of Greedy Brown?

The oily one

Greenseal

Whilst waiting to have my car MOT'd today, I went to the local ASDA to look at their plastic packaging of fresh produce.

What I think was Greensealed, was ground beef mince, bacon, cooked (chinese) chicken and beetroot as the sealing on these packages were smaller neater, more secure and did not have a loose bit of the top film hanging over the edge of the bottom plastic tray?

I tried to lift the edge of the film but could not. Does this sound like Greenseal to those who know more about the subject than my untrained eye.

Answers on a postcard whilst I go to torture my yoga students. Will be back at 9.30 so be quick.

The oily one

paul, piss off!

Oilywag - you certainly lead the high life - MOT ASDA and YOGA all in one day! The answer is 30 days btw.

sd

sd

Does that include selling shares in a normal trading account, transferring the funds to an ISA or similar and then buying them back almost immediately?

The oily one

Bosley,

Is Paul here somewhere then ?

You seem stressed, try one of Oily's Yoga classes !

Bosley,

we could be infested for a while as I believe he's banned again on advfn.

Oilywag - I thought it was OK, bt someone on another board said not. Check on the HMRC website.

http://www.hmrc.gov.uk/leaflets/cgt1.htm#j

Oilywag,
The new rules re B and B came into effect on 22.03.06.

From th Inland Revenue site.

7. Section 106A(5) applies where, within 30 days after the disposal, the person who made the disposal acquires securities which are identical to those disposed of. Its effect is that the capital gain or loss is calculated as though the securities disposed of were, as far as that is possible, those acquired in the 30 day period.

Greekman - does that apply when you dispose of shares from an ordinary trading account and then re-acquire same shares from within an ISA?

BTW - can anyone point me to a reliable source of Industry Sector Earnings Yield, Dividend Yield and PER information - thanks.

stockdog,

As far as I understand it yes. It's the initial sale that effects the CGT, no matter how you re-purchase the identical shares.

It's an anomaly (lovely girl!) to effectively charge to tax an asset inside a tax-free wrapper - and would be a relatively minor detraction from tax take for HMRC to allow it.

stockdog, greekman

Thanks for the info.

Think I may phone the IR get clarification on this point. Sure that there are many who in the same position.

Will let you know what the outcome is.

The oily one

Don't like the sp. Have we breached an important support level?

Alan

Nah, I think it is just the end of the tax year shenanigans and the price will return to normal on the 6th or soon thereafter.

Lovely buying opportunity!

The oily one

A lot of concerted buying going on - so why the drop in SP? Why should I be expected to understand how the market works?

Here's trusting to Oilywag's POV. Why should he be expected to know any better?

Would agree with that Oilywag, will there be some more big buys end of the day mopping up the end of tax year sells ?

Last day for end of tax year selling is tomorrow, Thursday is the stat of a whole new year.

Be lucky !