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To: Ted Downs who wrote (907)	11/25/1997 5:47:00 PM
From: Ted Downs	Read Replies (1) \| Respond to of 2349

To All, Here's a link to another board with info on the "fidelity effect". 207.183.153.206 Ted

To: Ted Downs who wrote (907)	11/26/1997 9:44:00 AM
From: Guy E. Fleming	Read Replies (1) \| Respond to of 2349

Ted: Sometimes, the mutual funds that sell huge blocks of specific stocks give long-term investors a good buying opportunity by temporarily reducing prices. You have those tell-tale moments when you wonder why a particular stock is headed down despite the good results or news and you have to seize the moment if you believe in the company's fundamentals. I agree that the huge mutual funds, like many of the Fidelity brand, have too much influence on prices. Perhaps the size of any individual fund should be limited by regulation. However, mutual funds are here to stay and a powerful and, for many, a useful force in the investing business. They are a main reason for the rapid market growth and popularity of stock investing as they make Wall Street accessable to the average person. I think to say that you'll "never put a dime" into mutual funds is, with all due respect, a valid personal choice but short-sighted and impractical for most investors.