MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Dominick who wrote (14569)	9/12/2002 7:51:22 AM
From: macavity	Read Replies (1) of 19219

I think that is correct for a lot of mutual funds, though they can go to cash. The catch is it would not be hard to prove negligence, as it is obvious that the managers had no other plan except to keep on doing what they were doing. I think a pure Tech-Nothing-But-Tech fund is probably fine, but a lot of these funds have (during last year) switched to other sectors - blue-chips, mid-caps etc, just as these began to dive. One could argue why they did not do this sooner, and what event caused them to switch. If there was no plan - and I think it obvious that beyond hope ther was not one then a lawyer can make a case for negligence. These guys are goons, if a tobacco company is knowingly criminal for their actions, I am sure there are a few incriminating emails that show that these funds had too much in too illiquid stocks, and knew the effects of what would happen at COMP 3000, 2000 etc. -macavity

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