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To: OLDTRADER who wrote (170284)7/20/2002 1:26:49 PM
From: stockman_scott  Read Replies (2) | Respond to of 176387
 
"Hedge funds are very active, very aggressive in this market," says Laszlo Birinyi of Birinyi Associates Inc. Birinyi, who studies money flows, thinks hedge funds could account for as many as one out of four trades. "This is the crowd that has to figure out ways to make money in any market environment because investors demand it," says Bernard Schaeffer, president of Schaeffer's Investment Research Inc. in Cincinnati."