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Strategies & Market Trends : Waiting for the big Kahuna

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To: Gersh Avery who wrote (60447)10/18/2002 9:39:05 PM
From: James F. Hopkins  Read Replies (2) of 94695
 
Gersh ; Sometime ago I got a nice PM from you, I was replying when my puter
decided to crash..it was a long reply tooo :-(..
Well been out on the boat and have some cash to play with
but I sure don't like the looks of all the GAP UPs.
-----
Looked at a few FUNDS today ( hmmm ) had to ask me self
why would a mutual fund be down!
on a day the market is UP, ; clients getting out ) seems to be
the likely cause..; even their top holdings where UP and UP
enough you would think the fund would be UP..but it was
down ...
-------------
Next week we have a lot of issues coming to market..
major underwriters are hoping to sell 5Billion in new
stock and debt next week..
Is that why this phony balony gap up hot air
balloon is being rigged up.
Jim
PS don't forget to look at funds on up days to see
which ones DONT go up..
Particularly if their Top holdings are UP..
( steer well clear of them ) they are in a death
spriral..with clients bailing out on good
days..
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