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Technology Stocks : SMSC Standard Microsystems
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To: Robert Salasidis who wrote (52)11/11/1996 3:57:00 PM
From: dwight vickers   of 335
 
Robert,

You are dead right. This is the prototypical issue that bounces after tax loss selling is completed. Average is about 25-30%, but SMSC is so volatile it could easily see 50% off the bottom. The problem, of course, is when does the January effect begin. Many times it starts well before the end of the year.

Dwight
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