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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST

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To: Crystal ball who wrote (123073)4/5/2001 10:21:02 PM
From: Victor Lazlo  Read Replies (1) of 164684
 
<<so when 130 million share sold during the sell off last week that was pretty much the whole panic stricken herd sold right into the hands of the institutions like mutual funds that are now holding much of those share, >>

crystal, stock mutual funds got hit with net redemptions in Feb, the first month in 2.5 yrs that they had net redemptions. And more net redemptions in March, as well. So are you saying that to meet these outfolws, all the funds sold lots of stocks, except PALM, despite the PALM warning?? This makes no sense.

YOu seem to think that retail investors are more jittery than the institutions when in fact the opposite is true. Do you realise the average turnover of holdings each yr for stock funds is around 180% ??

Individual investors like you are much more likely to hold a down postiion to the bitter end, but the institutions are far less patient and forgiving.

It's obvious that institutions have been heavy sellers of PALM.
Victor
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