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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (41426)	12/29/1998 11:51:00 PM
From: voodooist	Read Replies (1) of 132070

MB, in my mind the major aspect of window dressing is buying your own stocks to pump them up: of course on the large float big caps this is impossible. But if you were a small cap fund with a large position in a company with a moderate float that normally trades around 100k shares a day or less, you could easily start buying at 3:40 on the 31st and mark it up three bucks. Purging the junk and buying the beautiful is a different story. I'm not a buyer of mutual funds, and I don't know about that, but that lovely pop in the right kind of stock on New Year's Eve whether it's caused by the specialist or some "hot hand" is a thing of beauty <ggg>, and I don't mind paying the taxes this year. I know most funds don't have a Dec. fiscal year, but don't they use the annual return for rating the managers and for purposes of advertising?

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