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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (14270)	2/18/1998 1:32:00 PM
From: HB	of 18056

Very interesting, thanks. He admits they have covered shorts "commensurate with outflows from the fund". Hope they did it relatively early in the rally, but have my doubts. If so, kudos. Looks like they are admitting they are subject to the usual problems of an open-end fund, though... forced to sell (or cover) high and buy (or sell short) low, on occasion. I will buy more of this thing, but not yet. Howard

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