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Strategies & Market Trends : Rande Is . . . HOME

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To: thestockrider who wrote (51853)	5/31/2001 2:33:28 PM
From: maverick61	Read Replies (1) of 57584

stockrider - EOM window dressing goes on with many funds - although not to the same extent as end of quarter. This is really prevalent in the tech area - where lots of funds like to advertise recent good returns. Settlement date does not matter - when funds window dress - they are usually trying to prop up existing big positions they own. If they can "mark up " these stocks by buying some more today - they create an artificial rise in their fund value. For instance - if I ran XYZ fund - and owned 1,000,000 shares of FFIV- and it was at $10.39 to start the day - and I can buy 40,000 shares today to help move the price up to $11.28 (or $.87) - with that small purchase - I improve my performance by $870,000 on my existing shares. Not too shabby - nor not too legal either - but when has that ever stopped da big boys.

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