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To: The Other Analyst who wrote (3)6/29/1999 10:15:00 AM
From: Edwarda  Respond to of 6
 
Thanks for doing a professional shredding job. Every point you raise is valid.

Moreover, one factor that the writer seems to have missed altogether is that during the 12 months of backtesting, small and medium caps have tended to underperform as a class while the large institutions have crowded into the perceived "safety" of the big cap names as the market leadership has narrowed.


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