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Technology Stocks : Gateway (GTW)
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To: Alan C. Zezula who wrote (5133)12/31/1997 12:18:00 AM
From: IceShark  Read Replies (2) of 8002
 
Al, "It makes sense to me that pension money, 401k money, and huge wall street bonus money should help the mkt. in the beginning of Jan. don't you think so?"

You are totally wrong on all counts. Now, how do I make money out of this ignorance, if it is wide spread. Wall Street Bonus money will take a long time comming, with closing the books, compensation committee meetings, etc. Nearly summer by the time the cash changes hands. 401(k) contributions could be a factor once the end of December arrives. The big hitting contributors maxed out a long time ago, and only the steady flow from the others is continuing. No big chunks are comming in. When the new year starts, the big contributors will be back in the game, but that money will not flow until the third to sixth week of the year, from bookeeping delays. hint. -g-

Regards, DWW
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