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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Market Tracker who wrote (903)	1/5/1998 6:24:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

Mutual funds are run by people (age 27-45) too young. The view points of fully invested to get maximum gain is self defeating. Proper cash reserve of 5% is the old way of self preservation. The market requires cash pool to prevent unneccessary sell offs. Sell offs on fully invested funds creates volitility. To gain equilibrium, funds have to anticipate price moves of 20%. The cash reserve of 5% then, should be 6% now. Without it the market will be volitile and the mutual funds will not perform well. Individual investors with steady wages or earnings are strong hands without desire to lock in profits. The market will serve them well if only the funds do not upset the markets. AMES will do well and be above plan. The expectation of the end of year earnings will be close to expectation provided the store closing (management decision) is favourable. Better by far, if none were closing. But the price moves depend on leading market maker whether they put their cash pool into make a market for AMES or not?