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Technology Stocks : Allegiance Telecom (ALGX)

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To: farkarooski who wrote (110)11/18/2002 2:02:33 PM
From: richdag  Read Replies (1) of 145
 
Still accumulating...but slowing down...added 8,000 recently at .76/.77. Usually this time of year I also accumulate tax loss selling candidates, and of course algx certainly qualifies. So one could add still more shares under the rationale of a price rise after Jan 1, once tax selling pressure is removed. However algx's record after Jan 1 in the two previous years doesn't inspire much confidence of a price rise based solely upon removal of tax selling pressure. But it could add fuel to the fire once the covenant and genu issues are resolved.
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