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Strategies & Market Trends : January Effect 2001
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To: RockyBalboa who wrote (109)12/27/2000 2:32:16 PM
From: Street Hawk  Read Replies (3) of 289
 
An inut to consider: STRM.

Has been beaten up very badly in the last few weeks, probably a lot of tax-loss selling, and is trading under cash at current price of 1 5/8. Say they are aiming for operating profitability by 4Q of 2001, which I am skeptical of, but they have made some layoffs and are cutting their burn rate. A starter position in this one. I wouldn't hold this long-term, but I think it could get a bounce in the short-term due to relief from tax-loss selling in January.
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