Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: ZhuGe KongMing who wrote (10572)	11/26/1997 10:59:00 AM
From: John Bloxom	Read Replies (1) \| Respond to of 25960

<<How much lower we can go?>> As I have stated here before, I do not exepct this company to move until 1Q98. There are 2 reasons for this: (i) portfolio managers are not now initiating new positions given the closeness of the year end; and (i)net cash inflows to funds and institutional investors are at 12 month seasonal lows. Bear in mind that most of the money entering the market is deferred compensation plan contributions made by employers and that the lion's share of those contributions are made in the 90 day period following the employer's fiscal year end. How many companies do you know that have fye's in August, September and October? Ever notice how the net inflows reported by ICI in the WSJ tend to tail off in October, November and December? Ever wonder why these tend to be dangerous months for the market? I'm not a timer, but I will admit that I do a lot of selling into the September market (which is driven, IMO, by deferred comp. contributions from all of the state and local governments that fye 6/30) and a lot of buying in October, November and December. It's like hunting season, and it's been a great season this year. Can't wait for the new year... Regards, John