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.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (14565)	9/11/2002 6:59:26 PM
From: dvdw©	Read Replies (1) \| Respond to of 19219

Is Fidelity one of those MF companies who registers securities in a different name, so they can actualy short against investors long interests? Is this a root cause of an industry wide phenomena? Investors invest through MF and brokers LONG and with hope for a rising stock price, only to have their investments used by those they invest with, to be short the market, or by those who make shares of customer accounts available for Fees, to the hedge industry against the original investment purpose. Ethics be damned I guess. No One seems to be talking about this issue as a conflict of interest, either, it's troubeling that while we just learn about the bubble scandels, a proportionate scandle is underway, just using other tool sets. Folks on SI are traders and show little concern for this abuse of responsibility. Is it possible that the Mutual fund industry is weakening as a result of actions they themselves are principle too? Supply imbalances should create favorable price structure on investment yields, but rules allow shorts to run the trade out of balance depriving investors of proper market pricing. Rationalizations are too many to mention, but for investors they get the stink all over them just for showing up. It's beyond the pale that Supply and demand can be so utterly manipulated to the ends of the few.

To: Killswitch who wrote (14565)	9/12/2002 2:43:55 AM
From: macavity	Read Replies (1) \| Respond to of 19219

Dont wait - Litigate. Scary thought, no cash reserves. Does not feel like a bottom to me. The same reserves that they had 2 1/2 yrs ago? That would be Mar2000, wouldn't it. So this may be an all-time classic Retrace-To-The-Mother-Off-All-Necklines. These fund managers are going to be sued. If you can sue McDonalds for getting you fat, then you can sue Fidelity/Janus for losing your money. It wont be hard to prove incompetence. All you need to show is that these jokers did not have a plan. That in my books is incompetence. "So what were your plans, in case your theory was proved wrong? I presume you had a plan?" - Lawyer for the prosecution any of: "Doh! What plan!" "Buy more and average down!" "Squeeze those &%## shorts!" "Pray!" I think the single sector guys may be better off, but any generalised fund is going to be starring in a courtroom very soon. And they will have to sell stock to pay for the lawyers. If the hourly trend turns down from here we go back to $SPX=875 then 830 then 775 (IMO). MSFT was not good. -macavity