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Technology Stocks : Newbridge Networks

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To: pat mudge who wrote (13614)10/13/1999 9:37:00 AM
From: WTSherman  Read Replies (2) of 18016
 
You're absolutely wrong. The fact Fidelity kept half their position indicates they're still behind the management team. If you were a fund manager and had to report your success to your clients, you'd tidy up at each quarter's close, right? Even fund managers have to justify their existence and coming in in the bottom quartile just won't do it.

Pat, how can you possibly assert that someone is "absolutely wrong" for saying that Fidelity's sales of 1/2 their holdings doesn't reflect a lack of confidence in mgmt? I would suppose that its possible(though, only a very remote possibility) that they don't lack confidence, but, unless you personally know the fund managers and they have broken their confidentiality obligations in telling you something, how could you know this?????

As for charts, this is the meaningful chart for me:

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