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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: iceburg who wrote (13221)	12/18/1997 11:41:00 AM
From: Craig Stevenson	Read Replies (2) of 29386

Steve, There seem to be conflicting opinions regarding the tax loss selling issue. There was a guy on CNBC a couple of weeks ago that said that it pretty much dried up after the second week of December. Almost everyone else I have heard indicates that it is a factor until the end of the month. If the "January Effect" is real, obviously someone has to be buying during that time-frame. My opinion is that many of the big boys are actually buying some of these beaten down stocks now, or will be very early in January, and are letting the retail investors run the price up later in the month. (If the retail investor waits until the end of December to take his tax loss, he has to wait until the end of January to buy back. (Then, the big boys will be selling some.) Just another conspiracy theory to keep my mind sharp. <g> Craig

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