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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: xun who wrote (106109)4/16/2000 5:21:00 PM
From: Jim McMannis  Respond to of 1573682
 
Panic,
RE:"Big fishes like Abby Cohen who holds tons of cash to make the steal of the century."

I believe Abby only said she was reducing exposure to stocks by 5%. 70% to 65% or 75% to 70% if I recall.
This was back at the end of March.

Sometimes wealth just goes to money heaven.

Jim



To: xun who wrote (106109)4/16/2000 5:23:00 PM
From: Mani1  Read Replies (1) | Respond to of 1573682
 
panic Re <<Big fishes like Abby Cohen who holds tons of cash to make the steal of the century.>>

From what I have been reading and hearing on TV, the "big fishes" do not have much money on the side line. Not good considering the individual investors are more margined now than EVER before. And you can be sure that mutual fund inflows will be very small if not negative for the next few weeks, so the big fishes will not have much to work with.

I can also assure you that there are several hedge fund in deep troubles.

I think I stop talking like fleckenstein and just watch the Padres, they are winning 7-1 :)

Mani