Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (27428)	9/11/1998 11:11:00 AM
From: Tom M	Read Replies (3) of 94695

Jim <<At some point the liquidity of those 4 stocks is subject to break down>>. Well, we all know now why the funds that are holding up are holding up. The funds have not been selling the bloated-blues, yet. Recently read how they're using cash, then lines of credit, then borrowing from OTHER FUNDS, to provide for redemptions without having to sell shares (ie admit & show their overvalue). They have to suck some new money in like you said, so they can be the new owners of LU with a 100 P/E. At any rate, my question to you is, don't the funds HAVE to sell between now and the end of October? And won't that start the waterfall of fund manager liquidations as they race each other out like Oct 27? regards, Tom

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