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Strategies & Market Trends : The Options Box

QQQ 625.48

+0.4%

Dec 5 4:00 PM EST

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To: longdong_63 who wrote (7978)	12/3/2000 10:55:39 AM
From: Poet	Read Replies (1) of 10876

LD: From Hahn's site, posted last night. This speaks to your post with regard to mutual funds. You're in good company: One of the difficult situations for the NASDAQ market was the shareholder redemption of aggressive growth mutual funds. In addition, mutual funds closed out their fiscal year on Thursday, November 30, which may have been a termination of tax loss selling. While this is not a guarantee of an immediate recovery in this MF group, some selling pressure may be relieved. One final thing happens to some mutual fund shareholders...they may receive a taxable gains statement on funds like this in spite of experiencing YTD losses in their NAV. Unfortunately, this disagreeable event may cause additional sales.

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