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Technology Stocks : Deswell Industries (DSWL) -- Ignore unavailable to you. Want to Upgrade?

To: Brooks Jackson who wrote (1090)	11/3/1998 10:26:00 AM
From: Madharry	Respond to of 1418

Possibly more buyers than sellers. It doesn't look like there is an enormous amount of volume. Perhaps the market makers were absorbing stock at below 10 from anxious sellers and now they are prepared to push it up into the high teens before liqudating at a hefty profit. Just guessing of course. Every day this becomes a bigger chunk of my diminished portfolio but I see no compelling reason to sell.

To: Brooks Jackson who wrote (1090)	11/3/1998 10:44:00 AM
From: kolo55	Read Replies (1) \| Respond to of 1418

My guess is end of year-end tax selling by funds. At least, that's what I'm guessing drove the price up yesterday and today. Most funds and money managers close their books for tax purposes at the end of October. I believe that this year the tax selling has been worse than usual, since a lot of funds had taken gains earlier in the year. Add the rebound in small caps, the rebound in Asian markets as the 'fear' in Asia subsides, the impending earnings release, and the apparent "rehabilitation approval" that Mita has received in Japan... and you get a rally like this. Paul