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Technology Stocks : Cymer (CYMI)

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To: craig crawford who wrote (12079)12/30/1997 2:50:00 AM
From: Christopher Gates  Read Replies (2) of 25960
 
Craig,

I believe that what John is talking about is "Window Dressing". It is the practice of buying the winners at year/quarter end so that when the fund shareholders get the year/quarter update on holdings the fund managers look like they own all the winners. This in fact could work the opposite way. Who wants to show they held Cymer all the way down to $14. One way to maybe combat this problem would be to have the mutual funds note the average cost of the security next to the holding.

Chris
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