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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (403)	2/26/2001 2:55:15 PM
From: ldo79	Read Replies (1) \| Respond to of 23153

Anyone interested in money market funds: Monday February 26, 2:38 pm Eastern Time FUND VIEW-Scudder bails out money fund, others may follow NEW YORK, Feb 26 (Reuters) - Fund manager Scudder Kemper Investments last month took a $6 million hit to bail out one of its money market funds that invested in California's troubled utilities, and more investment companies are expected to follow suit. That is because so many have held securities in Southern California Edison, a unit of Edison International (NYSE:EIX - news) and PG&E Corp's (NYSE:PCG - news) Pacific Gas & Electric, both of which defaulted on payments in January and have been perilously close to bankruptcy. As many as 20 money market funds may end up turning to a deep-pocketed parent or tapping other financial guarantees as a result of losses on those utility securities, said Peter Crane, managing editor of iMoneyNet Inc's Money Fund Report newsletter. ``There are bound to be a number of other bailouts revealed,'' he said. Regards ldo79

To: Second_Titan who wrote (403)	2/26/2001 6:43:46 PM
From: Frank	Read Replies (2) \| Respond to of 23153

Que--I have gotten into the "monolithic" investment mode. I tend to pick a beaten down stock that I think the industry will need someday--- like KEG,PGO,GW etc-- and load up and wait. Not sure that is a good style but it sort of suits my personality. Probably going to get smacked some day but so far so good. I did take the money I started with in 1998 and put it in a different account so this is a pure profit account. and actually has increased over three-fold thanks to EOG,FLC,GW etc. Of course, as my close friend points out "Don't confuse being in a bull market with investment ability"---Frank