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Technology Stocks : Micron Only Forum
MU 399.63+0.5%Jan 23 9:30 AM EST
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To: Zeev Hed who wrote (51006)3/28/2000 8:55:00 AM
From: TREND1  Read Replies (1) of 53903
 
NEW YORK (Reuters) - U.S. stocks are expected to edge lower at the opening bell on Tuesday after one of Wall Street's most influential strategists and long-time bulls cut the stock allocation in her model portfolio.

Stock index futures reversed course an hour before the market opened after traders said Goldman Sachs' Abby Joseph Cohen added cash to her model portfolio, cutting the stock allocation to 65 percent from 70 percent.

``That's why the futures reversed,' said James Volk, co-director of institutional trading at D.A. Davidson and Co., about Cohen's move.
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