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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: Mikeh who wrote (3330)	10/26/2000 12:19:37 PM
From: Tom Kearney	Read Replies (1) \| Respond to of 3951

Beyond everything else, I think two under-discussed issues are still a major factor here: tax loss selling and margin debt. Mutual funds have really been taken to task in recent years for having a loss for the year and still incurring a tax liability for their customers. Popular financial site Motley Fool has virtually made a business out of ridiculing Mutual Funds. This year I think funds are particularly vulnerable to that since it will be a down year for many. A few days ago when we topped 3500 for a bit, I was wondering how some of those guys were gonna get out, if they missed the 3029 mark. Guys like Dave Dreman have been saying Nas goes to 2500 so long that many tax loss sellers may have been waiting for that. Now time is running out so there is probably massive dumping. This is their last chance. Then the guys who try and manipulate the markets are gonna keep up with the short selling surges trying to knock out margin folks. This about more than just the optical reports. I'm trying to ride it out myself. I've been adjusting margin last few weeks and think I'm covered, now. But, it's a tough ride. Great opp if you still have cash. Regards, TK