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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (9333)	12/16/1999 3:07:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 78517

Good point. But in that increasing rate circumstance you want to own tech stocks even less.

To: Madharry who wrote (9333)	12/16/1999 5:51:00 PM
From: jeffbas	Read Replies (2) \| Respond to of 78517

Armin, additional comment on CTX. My price target is about 20 for a reason. Looking at a long term chart, that looks like the right spot. Furthermore, the chart suggests that the stock could rally easily to 30. At 20, for an initial position, that is a 50% return in the one year time frame I think it might take. (This kind of situation is one where I would modify my 100% in 2 years rule.) On another subject, I do business with a small boutique firm that makes markets in stocks. I heard today the observation that they are seeing a lot of small sell orders - consistent, in my opinion, with yearend tax loss selling. It probably pays to have orders in on any favorite tax loss selling candidates a little below the market, if you can't watch throughout the day.