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To: If only I'd held who wrote (18159)1/6/2000 9:22:00 PM
From: gamesmistress  Respond to of 57584
 
...I think people are just selling top heavy stuff and looking to use all that free money (untaxable gains)for companies with lower valuations and promising technologies for this year. Just selling off the big gainers of last year to buy safer stocks.

I think the declines started that way (selling now so any taxable gain will hit next year) but at this point it's defintely triggering margin calls. Not to mention things like the LU announcement - a lot of people selling there who hadn't planned to.



To: If only I'd held who wrote (18159)1/6/2000 10:22:00 PM
From: Trumptown  Respond to of 57584
 
"I think people are just selling top heavy stuff and looking to use all that free money (untaxable gains)for companies with lower valuations and promising technologies for this year" - I totally agree...the mid cap value type plays I follow are doing well at the moment

SR


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