Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (27163)	9/10/1998 8:32:00 AM
From: Tom M	Read Replies (2) of 94695

Morning Bill, found this interesting (I'm sure Jim will too) in WSJ this am: "Recently as the market has skidded, Fidelity delayed disclosing the hourly prices of five Select funds until the end of the day, thus damping the appeal of day-trading the vehicles. Instead, Fidelity introduced fair-value pricing for the funds. (Fair-value pricing occurs when the fund companies disregard closing market prices of stocks and instead rely on other information, such as trading of futures, to determine the "fair value" of stock prices.)" From page C25 of today's WSJ Give me a break, we're starting to sound like some of those Asian markets now. Now we a market that trades to fair market value, and a back office to recalculate the "real" fair-value to mask reality. see ya, Tom [Edit] Bill, are you changing from your Sept 17 BK timing and is that the fib 55 day? TIA

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