Quote from BCE: 12-28-02
I think there may be some plays next week and possibly the week after. I'm looking to keep an eye on heavily owned stocks (institutional holdings) that have been dumped in December for tax loss selling and ones that everyone thinks will be good long term holdings (larger cap tech stocks for example). I remember last year EMC was one of these. Sold off in December for tax loss selling and then rebounded significantly the first week in January. But of course it sold off after that along with everything else. So this is just a trading play to me. Also looking at small cap stocks
They obviously usually don't. But actually they do get together to decide what to buy at the beginning of the year. I've heard this from several sources. They have many millions or in some cases billions of dollars to put to work and they have to put it somewhere. They buy equities. Bonds have had their run mostly for now. This is the way it goes down. They're not trading, they're investing for the year and longer. Wish I knew even more about how and when the institutional people do what they do since let's face it, you and I don't really move the markets, they do. We're in our little kayaks in the harbor and they're the supertankers.