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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: QwikSand who wrote (31065)4/18/2000 4:04:00 AM
From: QwikSand  Respond to of 64865
 
From TheStreet.Com:

--QS

Biggest Fund Losers Look to Cisco, Sun For Relief
By Ilana Polyak Staff Reporter
4/17/00 8:45 PM ET

Portfolio managers of some hard-hit small-cap growth funds had a new mantra on Monday:

Size counts.

It should come as no surprise that many of the funds with the heaviest weightings in small-cap technology names took the hardest hits in Friday's market meltdown. Some had one-day losses of more than 20%.

(...)

Managers of some of the hardest-hit funds said Monday they have a newfound love of some of the larger-cap names in the technology sector, like Cisco (CSCO:Nasdaq - news - boards) and Sun Microsystems (SUNW:Nasdaq - news - boards).

"The tape is telling us that big is beautiful,' says Don Luskin, portfolio manager of the OpenFund, who was busy adding to his positions in Intel (INTC:Nasdaq - news - boards) and Cisco on Monday.



To: QwikSand who wrote (31065)4/18/2000 11:11:00 AM
From: JC Jaros  Read Replies (1) | Respond to of 64865
 
That's 'biggest air pocket *ever', and we're talkin' April expiry (if it happens on the 28th because of Good Friday, anyway). I'm pretty sure it's hopping up to us like a friendly bunny. :) -JCJ



To: QwikSand who wrote (31065)4/18/2000 3:22:00 PM
From: cheryl williamson  Read Replies (1) | Respond to of 64865
 
QS,

Yeah, pretty non-chalant, and with a little bit of
swagger added, to boot.

Well, lots of internet short-term traders with lots
of profits and short-term capital gains to pay, and,
as we all know too well, they don't want to make
those payments to the US gov't until the last minute.
The last minute happened to be Friday, April 14.
Somehow that coincided with the biggest drop in
nasdaq history. Hmmm.....