PERVASIVE SOFTWARE (PVSW) Message Board

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Technology Stocks : PERVASIVE SOFTWARE (PVSW)

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To: Lane Hall-Witt who wrote (271)	12/10/1999 12:41:00 PM
From: TraderTerry	Read Replies (1) of 529

I have the same problem with my 401K which is run by one of the most reputed firms. I have invested all my money in a fund that had invested heavily in oil inspite of oil stocks falling cause I was convinced that it would turn. The fund was almost 75% invested in oil. Then in the beginning of 1999 the funds new fund manager decided to sell all the oil stocks at the bottom. The fact that the fund was selling pushed these stocks even lower. Just 2 weeks later there was a rally in oil and the stocks that this firm sold went up more than six fold. To add to my woes, this fund next invested in technology stocks and their largest holding in which they had more than 10% promptly fell more than 50% on bad results in just a further 2 weeks.

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