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To: pater tenebrarum who wrote (30130)10/20/2000 12:21:35 PM
From: IceShark  Read Replies (1) | Respond to of 436258
 
There are more than several funds that have an october FYE. There are a bunch. Why they picked oct, I don't know, other than record keeping to get stuff out the door prior to december for taxable individuals to do year end tax planning.

Another reason I think Luc is wrong about his call for big down next week. -ng-



To: pater tenebrarum who wrote (30130)10/20/2000 12:40:11 PM
From: Brom  Read Replies (1) | Respond to of 436258
 
<<certain big mufus have an October year end>>

and according to ContraryInvestor.com "the mutual fund crowd closes it's tax books at October month end". Whatever that means

Brom



To: pater tenebrarum who wrote (30130)10/20/2000 1:08:09 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<also i read in Fleck's rap that certain big mufus have an October year end...>

yes, although the actual payment has been pushed out more and more [some in March!] just in case some position implodes and they can snatch the traders bonus back who's responsible. ha ha Great risk management eh?

DAK



To: pater tenebrarum who wrote (30130)10/20/2000 1:15:18 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
if the real crash is coming ... mufus will be buying into the last rise. A crash is (sorry Luc) unpredictable, right?

Even so, I still think we will be down hard into next week. Mufus do not have that much spare cash lying around ... they ran things yesterday and today a little, but absent some fundamental news or something that will line up a new round of suckers -- I don't know where continued strength can come from ...

To save someone else the effort

signed,
IDKJS
I'm always wrong
stoopit bear, doom and gloomer