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Strategies & Market Trends : Drillbits & Bottlerockets

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To: AugustWest who wrote (5445)	3/15/2001 1:03:07 AM
From: Mark_H	Read Replies (2) of 15481

Who is selling???? My theory is mutual funds. Compare the number of mutual funds listed today to the number of funds listed 20 to 25 years ago. A fund manager needs his fund to look better than the next guy or he may not be a fund manager next year. Most of these funds are either dumping stock or shorting against their positions as the market goes south. So who's buying? All of the folks that once said "if AMZN ever gets down to $50 again, I'm buying", except there's not enough of those folks to keep the price up.

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