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

To: iceburg who wrote (13221)	12/18/1997 11:37:00 AM
From: Roger Arquilla	Respond to of 29386

1/4 uptick. Maybe we have finally found the bottom.

To: iceburg who wrote (13221)	12/18/1997 11:41:00 AM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Steve, There seem to be conflicting opinions regarding the tax loss selling issue. There was a guy on CNBC a couple of weeks ago that said that it pretty much dried up after the second week of December. Almost everyone else I have heard indicates that it is a factor until the end of the month. If the "January Effect" is real, obviously someone has to be buying during that time-frame. My opinion is that many of the big boys are actually buying some of these beaten down stocks now, or will be very early in January, and are letting the retail investors run the price up later in the month. (If the retail investor waits until the end of December to take his tax loss, he has to wait until the end of January to buy back. (Then, the big boys will be selling some.) Just another conspiracy theory to keep my mind sharp. <g> Craig

To: iceburg who wrote (13221)	12/19/1997 6:40:00 AM
From: JOE 6PACK	Read Replies (1) \| Respond to of 29386

ICE, I took my significant tax loss on Dec. 1st only because I am long on ANCR! Why at $5 and change would you hang on to this stock knowing full well (maybe not for good reason) that this stock was not going anywhere until the 1st of the year at best! The management cannot be stupid enough to make any significant announcement into tax loss selling!? Can they? I will buy back at open on Jan. 1st hoping this is the case and willing to risk slight upside in doing so. Joe P.S. I've got to think there aren't many who have a profit at $5