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Technology Stocks : Newbridge Networks
NN 16.36-0.3%2:00 PM EST
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To: Rob Riordan who wrote (13936)10/26/1999 5:09:00 PM
From: fumble  Read Replies (1) of 18016
 
Any ideas Tax loss selling..

Mutual funds with gains and +transactions at the beginning of the year are looking for stocks they can sell (with losses) right now to counterbalance the capital gains made earlier in the year.

Newbridge is one of those stocks whose price is now lower than it was earlier in the year - thus the selling pressure for the rest of the week.
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