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To: Gregory who wrote (5839)4/1/2000 3:00:00 PM
From: edamo  Respond to of 8096
 
gregory..."window dressing"

no real rules, funds tend to enter positions at the end of the quarter so they may report these stocks as being held by the fund....fund managers also paid on established gains so they will sell positions with profit, only to re enter same at beginning of next quarter.
you really do not know what a fund holds day to day...look at the fund turn over ratio, that will be a clear indicator if the fund trades or holds positions longer term



To: Gregory who wrote (5839)4/1/2000 3:59:00 PM
From: rgjack  Respond to of 8096
 
Window Dressing...

Here's a definition from wallstreetjovial.com

window dressing - The phenomenon that occurs near the end of every quarter whereby the Wall Street Establishment puts the finishing touches on their personal and client portfolios. The mutual fund money managers will purchase shares of companies with the best quarterly returns, which allows them to appear as top-notch stock pickers, as these stocks will be included in the shareholders' quarterly mutual fund reports. The stock need only be held for, literally, a few seconds of the quarter for it to be listed in the report. Additionally, shares are purchased at this time to turbocharge the pay packages of the wealthiest executives, as their incomes are comprised of ~ 80% of stock options tied to performance, and their bonuses, which are commonly greater in value than their entire annual salary, are also impinged by this end of quarter practice. Only recently has the collectively captured press begun to use the term, although it should be a fundamental part of an individual investor's knowledge base.

BJ