Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom M who wrote (27466)	9/19/1998 11:12:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Hi Tom; It took me a while, but I checked with Mike and it seems the Barron's article about OCT being some sort key to Fund selling was misleading, or at best not accurate. They buy or sell based on what they think the stock will do, how much money they have coming in, or redemption's going out. The Bonus if any is based on Nav and not depended on them selling off stocks. It would not make sense any way as they know people look at year end results. The part were some people might have to pay a capital gains tax is true and that it could happen even if the Nav is lower than when you went in. In as much as you can carry this forward it would work out in the wash. Why they put such a negative spin on it is beyond me. Jim

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