USRX Message Board - Msg: 119262

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To: John Stopforth who wrote (282)	6/7/1996 2:06:00 PM
From: Deepak R. Ghosh	of 18024

John: I visited EDGAR recently. I saw that Fidelity cut its stake in ROBOSTOCK by half and reported that on 5/8/96. They probably lost so much of the run after the earnings that I feel sorry for them. No wonder the Fidelity funds are doing badly. 20th Century and Putnam are holding on to their stake in ROBOSTOCK. I also looked around to see which mutual funds also own large positions. My guess is that at least 10 mutual funds each own at least 1% each of ROBOTOCK's outstanding shares. Fidelity made the same mistake when they sold their ASND stake in Sept last year. ASND doubled in Oct. and then split in Dec-Jan 1996 nearly doubled to 72 last month. Fidelity owned 12% of ASND's outstanding shares and missed a 70+ point runup. In fact ASND was one of Magellan's top 10 holdings. If they had kept it Vinik would still be ruling Magellan. Well life is like that...... Happy USRXing Deepak

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