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Pastimes : Tax selling- Technology

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To: LLCF who started this subject	11/22/2000 5:18:51 PM
From: Michael Olds	Read Replies (1) of 30

I'll second the HLTH shot. At this time it is being hammered because, as a consequence of the reorganization and consolidation, a large number of shares in large blocks are entering the market from individuals and companies that are being phased out. A month ago the overhang was (according to M.Wygod about 25 million shares; a few days ago it was down to 10 million). This is happening in a down market for internet stocks (of which this is not really any longer one...is that English?) and during Tax selling time. They will have a billion dollars in cash after divesting Porex (the plastics division) and the street loves the new management but is taking a wait and see attitude at this time to see how the reorganization shakes out. mo

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