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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?


To: Curtis Gruber who wrote (1560)11/22/1997 11:57:00 PM
From: bob zagorin  Read Replies (1) | Respond to of 5650
 
my take is that this week's bounce is simply the easing of tax loss selling...kinda like pushing a rubber ball down under water and then letting go. there are only so many willing to sell this stock at a loss for tax purposes. there are also buyers and so the balance is shifting toward demand now.

fwiw, i don't think we have seen very much of a real buying effort based on realistic TO discussions. but that may come.