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Technology Stocks : BORL: Time to BUY!
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To: i-node who wrote (6959)10/28/1997 8:08:00 AM
From: PCSS  Read Replies (2) of 10836
 
<those idiot traders>

It seems more and more plausible the the factor leveraging down this market are the fund managers whose fiscal year ends on the 31st. They are taking this world turmoiled mkt and selling to lock-in gains (which equate to their bonus size) and to pay capital gains taxes.

I believe this a major reason/fuel that HAD been feeding US downslide after the asian downtrend over th past week. After Friday, it has gone beyond these just these mgrs and emotionally effected almost everyone.

If you can withstand the immediate reversal most (including BORL) will return to their old highs and then some.
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