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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Craig Stevenson who wrote (13218)12/18/1997 11:25:00 AM
From: iceburg  Read Replies (3) | Respond to of 29386
 
Tax loss selling will end by definition on the 31st. At that point, the shorts will begin covering because they don't want to take the capital gain this year. This is a double whammy to the upside. Any up ticks will result in margin pressure being relieved. Triple whammy. In my opinion the stock will reverse shortly before these events. That is soon.

In 2 weeks, the "scorcher" will be history.

Happy holidays all!

Steve