On Friday, January 14th we will be rolling out our January profile. This is a technology company with breakthrough potential that is incredible. Get ready to read the profile and see if you don't agree. We believe that the current correction in the Technology Sector is a new phenomenon that we have never seen before. The term January Effect refers to the annual year end sell off in poorly performing securities.
Investors tend to sell their losers at the end of the year for tax purposes.
This is known as the January Effect . We believe that there is a new twist on this old theme occurring this year. We had a meteoric rise in the value of technology stocks in the 4th Quarter of 1999. The majority of those gains came after October 1st. Fund managers and retail investors were sitting on huge profits at the end of the year.