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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: Marshall who wrote (32837)11/4/1999 4:42:00 PM
From: Doug Coughlan  Read Replies (1) | Respond to of 33268
 
"They are now losing $2.3 million a quarter, and have just $6.3 million in the bank. They have only six months to live, basically, without drastic turnaround action."
Marshall, I know you've been involved in RACE for a long time. If the above paragraph is accurate they might win a battle and lose the war. With all due respect it's about time you direct your considerable talents towards championing another cause.



To: Marshall who wrote (32837)11/4/1999 6:45:00 PM
From: Q.  Read Replies (1) | Respond to of 33268
 
This stock looks like it will see a lot of tax-loss selling:

* More than 75% of RACE is held by small investors.
* Going into November, most of them are holding at a big loss.

I would think that it would take a lot of good news to overcome the tax-loss selling pressure. Afterwards, such stocks often pop in January. I'll probably cover or box in late December.

I wonder if it will test the low of 1/2 that was set in June, 1998?


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