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To: P.M.Freedman who wrote (1004)12/10/1999 2:45:00 PM
From: JRI  Read Replies (1) | Respond to of 3770
 
<Tax selling...margin selling..low 20's> What do you think yesterday/ this morning (from 32 to 29) was?....do you think that there are a lot of people holding this afternoon...waiting for an additional "pop"? No way......Longer-term players stepping to the plate...and holding...

Most, almost all of the tax loss selling has already happened...we are likely to see a wee bit of erosion, but will likely be met by a similar amount of demand willing the take a bet that the inquiry will be over in short over, and a nice pop, and then rise awaits...

If your scenario is going to happen, it will have to happen (big time) next week...