MM; The Mo Mo effect does work both ways, ( up to a point ), but
in down turns , there seems to be a point the Large cap funds start
off-setting the indexers. I have not nailed where the point is
yet. But roughly would say it's at about the 10% level, after about that much fall, then the thinner traded stocks get hit harder,
CSCO took a 20% hit end of August, so that put her back at about
market perform, she will likely track the over all S&P index for
a while now, or if any thing out perform it.
She is also privileged to be one of the top 4 in the NDX100,
sitting in 3rd spot after MSFT and INTC, ARB players in the NDX
options, are stuck with buying or selling MSFT , INTC, CSCO, & DELL
and right now the call money ( if they don't want to lose it ) says
they will be buying these four. The Put money is not near as
strong. But being I have not tracked the NDX options all that long
I don't want to say if this is bearish or bullish. They change so
fast that they could spike them long enough to unwind the calls
and then drop them like a rock Friday. ( I just don't know )
But this is triple witching coming up.
Jim
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