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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (9974)	3/30/2000 10:53:00 PM
From: bela_ghoulashi	Read Replies (2) \| Respond to of 35685

Stockman Scott: re windowdressing Bland feels there are some astute points in the following post from Yahoo. He has seen several posts on this same theme on various boards this evening. Perhaps some bad boy value fund managers have been playing where they shouldn't and are trying to sneak back home before sunup: PIB, I think part of the sell off... by: Rachimov (29/F/CA) 3/30/00 6:23 pm Msg: 24320 of 24337 is attributable to the institutional money that is in tech right now that isn't supposed to be. If you are a tech fund manager, or growth, You do the homework, get familiar with the genre you are interested in, and then buy the stocks on a consistent basis. I think you have value and other people who are not supposed to be in tech tired of redemptions and underperforming try to pickup some tech hoping to prop up their Q's, even tho they were not that familiar with what they were investing in. Now what do they do? They've bought some biotech stock at it's highs so they could book some lottery ticket like gains, and the stock dies and now they have to admit they 1. Have a stock they shouldn't according to their fund description and 2. They lost their ass on it. Not likely, they'll get those stocks out of the fund quickly before they have to admit they own them<LOL>. Plus, you've got value guys, like the Tiger manager, just crushed by the bifurcation in the market, unable to either 1.Participate in the upside 2. Believe/understand why they have been wrong. And they are broke and pissed, MORE than pissed, they are ruined, economically and otherwise. And they are not going to be be big about it, IMO. They want everyone to feel their pain. someone asked this morning why such and such a stock did not come out and deffend their stock. Because you don't want to try to defend in bad tape, if the tape gets worse, you get wrong. You wait for good tape and then support your stock to the upside. The value/bear guys are doing the opposite, they are coming out in a bad tape to drive the market down further; to bolster thier own positions. So they look right. I have never seen so many bears push their positions so stringently as I have seen today. It was to be expected. Oddly, I wonder if the death of Tiger will be an actual turn for value. It's a type of capitulation, IMO. I do think many managed fund managers got in late to tech, and now they are incurring losses, which will need to flush thru the system. --------------------------------------------------------------------------------