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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (31387)	7/4/2008 5:47:46 PM
From: Paul Senior	Respond to of 78984

We don't really know what stocks are sold when with mutual funds. "Everyone" attributes quarterly swings of stock prices sometimes to funds that sell their losing stocks at end-of-quarter or buy more of winning, popular stocks so they can report most favorable results. Which funds, and what stocks? I've never seen any fund announce that they do this or have done this. "Window Dressing". Yet "everybody" says it's a not-uncommon occurrence. Gamesmanship, misleading, misdirecting, cutting corners, -- call it what you want. It's only one way mutual funds can skew results to their favor. I say, why should I assume they are rigorous in fairly reporting their performance numbers. I believe these "window dressers" would view it - changing purchase dates, using averages inappropriately, "ignoring" some losses or expenses - all are just another way to report results most favorably.