Echostar Comm. Message Board

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Technology Stocks : Echostar Comm.

SATS 67.23

-2.7%

Nov 20 3:59 PM EST

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To: Dom Sartorio who wrote (521)	12/22/1997 4:45:00 PM
From: Frank Byers	Read Replies (1) of 1394

We're getting spanked like an errant first grader. Definately seen this price action in DISH before, and buying at 14-15 has always been rewarded within a few months.. look at this time last year for the most recent example. I'm not saying it will happen again, but I'm going in for some more tomorrow... I suspect some of the folks that loaded up on DISH in the mid to high 20's with the Murdick euphoria are now taking some tax loss selling. I think this tax loss selling effect gets more pronounced every year, with more and more average folks with profits to neutralize and more and more people aware of this strategy. I expect January to be a great month for stock barring a Japanese meltdown. FB

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