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To: waldo who wrote (4038)	12/30/1998 6:05:00 PM
From: waldo	Read Replies (1) of 37507

>>The market for much of the session appeared to be cooling down for the New Year's holiday, though some traders said the market was preparing for bigger fluctuations on the last trading day of the year as portfolio managers make last-minute adjustments to their positions. ''These final changes in the portfolios seem to create some volatility, and people are gearing up for that,'' said Arthur Coolidge, senior equity trader at Brean Murray & Co. Sharp volatility did shake the Internet sector, where stocks that have benefitted in recent days from strong online holiday sales tumbled.<< >>But while some analysts said investors may be starting to questions the high valutions of some of these money-losing companies, they also pointed out that big swings in the sector are expected and do not signal the end of their runs. ''These drops are not a watershed event, its not like they're all down 25 percent across the board,'' Coolidge said.<< biz.yahoo.com W

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