January Effect 2001 Message Board

STOCKTALK

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Strategies & Market Trends : January Effect 2001

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To: Q. who wrote (130)	12/28/2000 9:42:24 PM
From: RockyBalboa	Read Replies (1) of 289

Lucent Most Active on Tax-Loss Selling NEW YORK (Reuters) - Lucent Technologies Inc. (NYSE:LU - news) was the most active stock on the New York Stock Exchange on Thursday as some investors sold shares in the telecommunications equipment maker at a loss for tax reasons. About 22 million Lucent shares changed hands. The stock fell 9/16 to $13-1/8, extending this year's drop to about 83 percent. As year-end approaches, investors may sell stocks that have lost ground to offset any capital gains made during the year from selling their winners. Friday is the last trading day of 2000. ``It's tax-loss selling of a widely held stock,'' said Michael Lyons, a trader at Morgan Stanley Dean Witter. ``And it will continue right up to the close tomorrow.'' Other stocks with huge declines this year extended losses in Thursday's session. They included Qualcomm Inc. (NasdaqNM:QCOM - news) which fell 1/2 to $89-3/8, a level about 49 percent below this year's high, and Cisco Systems Inc., (NasdaqNM:CSCO - news) down $1-3/16 to $39-9/16, a drop of about 28 percent in 2000. ........... Thoughts about this one?

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