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 : BANK ONE -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (344)	2/23/2000 4:50:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 466

worldlyinvestor.com Sector of the Day Wednesday February 23, 4:01 pm Eastern Time Merger Could Lift Flagging Zions Stock By Anton Schutz and Russell Echlov, Columnists ... ... Bank One More Time Also, as a follow-up note to a previous article, we wanted to let people know that we covered our short of Bank One (NYSE:ONE - news) because we feel that around this level, the risk of Bank One being acquired outweighs the downside. *********************************************************** Anton Schutz is President and Russell Echlov is an analyst at Mendon Capital Advisors Corp. which is a Registered Investment Advisor. Mendon Capital is the manager of two hedge funds and is the sub-advisor to the Burnham Financial Services Fund. All of these funds currently hold and may take positions in any of the stocks mentioned in this column. Go to www.worldlyinvestor.com to see all of our latest stories. biz.yahoo.com

To: Big Dog who wrote (344)	2/23/2000 4:56:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 466

When Investors Are Their Own Worst Enemies By Vern Hayden Special to TheStreet.com 2/23/00 3:51 PM ET The most important factor affecting a mutual fund investor's return is not necessarily a portfolio manager's style or even the performance of the market at large. It's the investor's own behavior. Because some investors don't understand risk -- intellectually and emotionally -- they can be their own worst enemies. I've seen evidence of this in the form of skittish investors pulling money out of a mutual fund when it's down. They get scared and run for cover. There are lots of reasons a mutual fund may be down, such as a manager going sour or a fund getting too big. That's not what I am referring to. I'm talking about a mutual fund that goes down simply because the market is down, and the scared investor pulls out. Bill Miller's Legg Mason Value Trust is down about 12% since Jan. 1. Has the guy who surpassed Peter Lynch by beating the market nine years in a row all of a sudden lost it? An investor who pulls out simply because he or she is scared of a 12% drop shouldn't be in the market, or his fund, in the first place. Obviously, an investor who pulls out in a panic wouldn't know when to get back in. A day or two of big moves could make a significant difference. A savvy investor would realize Miller is in a compression for a while. He is hurt by his top holdings, America Online (AOL:NYSE - news - boards), Dell (DELL:Nasdaq - news - boards) and Gateway (GTW:NYSE - news - boards) and from the pure value plays, like Bank One (ONE:NYSE - news - boards) and Waste Management (WMI:NYSE - news - boards). If investors stay on board, they'll probably be fine. ... ... thestreet.com