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Technology Stocks : GBT - Global Light
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To: Sir Francis Drake who wrote (185)10/3/2000 3:14:43 PM
From: Sir Francis Drake  Read Replies (1) of 223
 
Looks like indeed once the "window dressing" was over, the stock rebounded, though I must confess, it has had a smaller bounce than I had hoped for. October is a month of institutional tax loss selling (until Oct 31), so there may still be pressure. In general, I think the pressure on GBT should persist all year, since after the institutions are done tax-loss selling, individuals take over later in the year. But for now, GBT is enjoying a respite, having moved up some 20% from the intraday low of $4.4 back in the last days of Sept. Still, I personally don't see much of a sustained climb until January of 01 (this is assuming the market doesn't collapse in 01!).

Morgan
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