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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: E.J. Neitz Jr who wrote (29831)	3/9/2001 4:17:44 PM
From: BWAC	Read Replies (2) of 53068

<Fund managers are still liquidating to meet redemptions--more next week. > As well they should. The fund managers won't put the money to work, so why shouldn't the people take their money back? People paid these managers to invest their money, these managers threw it at whatever was popular at any price, and are piling out now, afraid to take a long term investment approach, because they were just riding the wave in the first place. Damn right there ought to be liquidations. And some firings of these fund managers as well. It looks to me like the broker houses, the funds, and whoever is running the show now is content to just burn all the houses down. Even their own. I personally yanked every dime out of one fund family last year, when the quarterly report showed VISX (the eye surgery thing) as its TOP HOLDING, over 2.5%, in a VALUE FUND!!!!! This was when the VISX thing was at $100 plus. Talk about style drift. And First Union Bank was pumping this fund out to their customers as I had a few clients who were in it as well.

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