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Technology Stocks : SciQuest.com ( SQST )
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To: Stock Puppy who wrote (26)1/4/2000 10:30:00 AM
From: phil davidson  Read Replies (1) of 48
 
I personally think that the selling is not so much fear of interest rate hikes as it is delayed selling for profits deferred from 1999 tax year. Lots of people made so much money last year that they have decided to lock in profits taxable in 2000 instead of 1999. I'm still holding as I think that the correction is going to be short lived and the climb will resume to new and higher highs. SQST is positioned to take advantage of tremendous growth in the B2B area of medical and scientific supply distribution.
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