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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Jim Stanfield who wrote (6138)	6/24/1999 4:06:00 PM
From: John Mansfield	Respond to of 9818

remarq.com

To: Jim Stanfield who wrote (6138)	6/24/1999 4:08:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 9818

The percentage of shares outstanding which changed hands was approximately .75% (that's 3/4 of one percent)! Interesting statistic. Where'd you find it?? And you're right. It isn't so much having 10% of mutual fund holders going to cash (other assets), but trying to create the circumstance where another 10-20% will buy their positions out. The 19% correction we had last year was not so much due to investor selling, but a lack of investor buying. Thus, prices were taken to a level where specialists and mmkrs could find an equilibrium, or justify taking on the risk themselves on their books. Regards, Ron