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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (3823)	11/8/2001 8:50:25 PM
From: Susan G	Respond to of 26752

Thanks Kendall. Profit taking on all the big winners is something I've been expecting - and that has been the strongest sector all year...Have to take SOME gains to offset all the losses people will be writing off this year. It seems to be why PNRA and TARO sold off too - two of the biggest % gainers this year bit the dust today. Might be why AMRN is correcting too. And it seems the tax selling was early and now there is buying of all the ones that got killed - 2 months earlier than usual. It's amazing how fast sectors sell off when big holders decide to unload...the small defense/security stocks for instance. I heard that a hedge fund that sank 4 mill in all the little ones on 9/17 was unloading in a major way last week to take their huge gains. IT did huge damage to all those stocks.