Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: KeepItSimple who wrote (2386)	1/4/2000 9:42:00 AM
From: Bearded One	Respond to of 3543

Tulipmanina-- The Narrowing Continues: Fidelity Seeks to Raise Magellan Cap NEW YORK (Reuters) - Mutual funds company Fidelity Investments Inc wants its giant Magellan fund to be able to invest as much as a quarter of its assets in a single company, according to records. Magellan, the world's largest mutual fund with assets of more than $100 billion, currently is limited to placing no more than five percent of assets in any one stock, with the aim of protecting the fund's investors with a spread of investments. ''The proposal would give the fund greater investment flexibility by permitting it to acquire larger positions in the securities of individual issuers,'' Fidelity aid in a filing with the U.S. Securities and Exchange Commission. ''In particular, it would increase fund management's ability, where appropriate, to over-weight positions that represent significant percentages of market benchmarks,'' the filing said. Fidelity concedes that overweighting adds risk for investors but argues that it could enhance the fund's performance.

To: KeepItSimple who wrote (2386)	1/4/2000 12:08:00 PM
From: Cheeky Kid	Respond to of 3543

They are going to sell and buy GNET and other good valued stocks. IMHO Were you a believer in Y2K doom and gloom?