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 : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (2426)	12/2/1997 5:53:00 PM
From: Tom M	Read Replies (1) \| Respond to of 8358

P., I'm glad someone mentioned the tax loss selling. I think it's today, not in the future. I think there was much panic that the loss would be even greater if they wait. It's not often that a stock doesn't go down twice when a miss is preannounced - once on the preannouncement, then even more on the announcement. I'm betting that this was severly overdone now, and if management can point out the worst is over when they present earnings, it'll go up on announcement day not down again. If I'm wrong then, I'll treat it as a good averaging opp. I'm of the opinion that the majority of tax loss selling was done today in a panic that there's not enough time by year end to pick it up. I think it will be back up on word it's: 1) overdone, 2)DEC purchase was at bargain rates and recouped in 1st year, 3) closer detail to the press release that mentions one reason for the shortfall was "governmental delay", not cancelation. regards, Tom