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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Nancy who wrote (35093)	11/11/2001 10:10:55 PM
From: Johnny Canuck	Read Replies (2) of 67877

Nancy, I am not so sure how up to date the yahoo.com data is. Given that Oct is the official end of tax loss selling season for the mutual funds, I don't see many funds holding on to these stocks below $5.00 unless they got them at substantial discounts to the current prices, in which case they would be taking profits now. Given that traditional thinking has stocks that go below $10 and even $5.00 typical never recover, I can't see many institutions trying to support these stocks. We well see. Also remember the the NASDAQ is only going to allow stocks below $1.00 to continue to be listed till the end of December. They are suppose to re-evaluate their policy then, but I doubt they will allow it to continue.

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