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Gold/Mining/Energy : Tri-Vision & The V-Chip
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To: Douglas Simpson who wrote (3279)7/7/1998 2:10:00 PM
From: Graham Dellaire  Read Replies (3) of 5743
 
WHY WOULD A FUND MANAGER DROP A STOCK/

Well guess what. The stock is lagging. Not a stellar performer right now and the manager can sell it at a profit and get into a stock with a graph heading North instead of South. I hope you aren't this nieve when you buy mutual funds. All mutual fund managers massage the numbers and juggle the portfolio so they have a few stocks that look like winners. Often they sell of other stocks for cash to get into lets say Yahoo or Amazon and look like stars when the quarterly report comes out, which YOU read and then say hey that manager really knew what stocks to pick, look they are all up ... LOTS!

ALso fund managers have different styles and HUGE egos. So guy gets taken off a fund, new guy comes in. HE sells off everything with the other guys signature on it. Maybe this fund wants no more candian small caps... whatever, there are a million reasons to sell and it is always justified if it is for a profit. That my son is the reason why the stock won't drop below 1.10 for long as Leveque Beaubien (unloading for the mutal fund) always eases off, if you factor in the canadian dollars price two years ago and its value now... you have to sell at about 1.10 to break even if you purchased the stock at 0.90 cents 2 years ago... monetary fluctuations are then accounted for.

See.... don't lose money, rookie's mistake.

Graham
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