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Strategies & Market Trends : Waiting for the big Kahuna
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To: James F. Hopkins who wrote (25796)8/31/1998 1:10:00 PM
From: Tom M  Read Replies (1) of 94695
 
Hey Jim, how does that work again when people decide to exit funds?
Trying to judge "when" we see the impact from those that put in calls today to exit their fund. Say this weekend people decided to bail. So they call their broker, and the order is put in to sell at whatever price is there at the market close? Does the selling happen and the price actually gets revised downward from the last open market trade? ie do you expect it down at close or down at open tomorrow due to mutual fund redemptions?

thanks in advance,
Tom
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