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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (80300)	12/17/1999 7:18:00 PM
From: pater tenebrarum	Respond to of 86076

probably the time between now and new year will be a good one for the savvy bear to load up on overvalued POS shorts. fund managers have until 12/31 to shore up their portfolios so they can make like they owned the winners all along...a friend of mine had some money in a U.S. fund a while ago and showed me the fund's holdings and year-on-year performance. the portfolio was full of high-flyers, and yet the return was a measly 10%, meaning they bought the stuff at exactly the wrong moment. i bet there are lots of funds out there doing the same. once the year-end is in, there's no motivation to hold stocks that are worth a few cents and priced at 200 or 300 bucks. the one uncertainty i have is the size of the greater fools pool. no way to measure it.