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Strategies & Market Trends : January Effect 2001 -- Ignore unavailable to you. Want to Upgrade?


To: Q. who wrote (130)12/28/2000 9:42:24 PM
From: RockyBalboa  Read Replies (1) | Respond to of 289
 
Lucent Most Active on Tax-Loss Selling
NEW YORK (Reuters) - Lucent Technologies Inc. (NYSE:LU - news) was the most active stock on the New York Stock Exchange on Thursday as some investors sold shares in the telecommunications equipment maker at a loss for tax reasons.

About 22 million Lucent shares changed hands. The stock fell 9/16 to $13-1/8, extending this year's drop to about 83 percent.

As year-end approaches, investors may sell stocks that have lost ground to offset any capital gains made during the year from selling their winners. Friday is the last trading day of 2000.

``It's tax-loss selling of a widely held stock,'' said Michael Lyons, a trader at Morgan Stanley Dean Witter. ``And it will continue right up to the close tomorrow.''

Other stocks with huge declines this year extended losses in Thursday's session. They included Qualcomm Inc. (NasdaqNM:QCOM - news) which fell 1/2 to $89-3/8, a level about 49 percent below this year's high, and Cisco Systems Inc., (NasdaqNM:CSCO - news) down $1-3/16 to $39-9/16, a drop of about 28 percent in 2000.

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Thoughts about this one?



To: Q. who wrote (130)12/29/2000 12:58:47 AM
From: rjm2  Read Replies (1) | Respond to of 289
 
Your list , other than RAZF, has had NO insider buying.



To: Q. who wrote (130)12/29/2000 7:20:50 PM
From: RockyBalboa  Read Replies (2) | Respond to of 289
 
My final portfolio looks like this:

I bought many of those stocks late Dec, as mentioned, some of them are a bit underwater as of now, however today was bargain hunting day:

In the portfolio is:

CLRS CNQR COVD DATC DSLN ELNK ESTM FFIV LCTO MAXM NSPK OPUS PLRXD ROWE SMSI TERN XLA

I post a portfolio which contains the stocks - however the positions are nominal, hence may or may not reflect the actual holdings..., the prices, or averages are actual prices

siliconinvestor.com

The performance appears clearly tilted as some of the pennies have been bought on the bid and ticked up 1 teenie or 1/32s