Sell in May and go Away ! or not ? chart thread, page-311

Just on your point ozblue:

"3. Short interest, even though down from the 155m high to about 136m at present (4 day old data), during the last 5 trading days, 3 of them have above 40% gross short sales for the day. I would expect today to be a similar percentage, but we will not know until tomorrow.
The shorts know people will be selling for tax loss reasons so are probably helping the share price down a bit to cover at a lower price, towards the end of tax loss selling period. In the last 5 years it has been very obvious that tax loss selling has occurred during May and June on the ASX200, with July usually showing a strong rebound (often starting mid to late June)."

I hope share investors that do this realise that if they sell and then rebuy the stock in a short time frame. In the event of a tax office audit, they can get done for Part 4A tax avoidance. Under ATO share wash rules.

If you sell off and don't rebuy however, I don't see a problem.