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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Major Tom who wrote (24062)8/12/1998 1:15:00 PM
From: bkg  Read Replies (1) | Respond to of 94695
 
Volume looks pretty anemic on this rally so far. Anybody have any opinions on what the last 30 minutes might hold?



To: Major Tom who wrote (24062)8/12/1998 1:17:00 PM
From: Major Tom  Read Replies (3) | Respond to of 94695
 
This line of thinking, if right leads me to believe a big crash would be followed by another big crash from mutual fund companies selling off stocks after the initial crash to pay their shareholders back.
Major Tom



To: Major Tom who wrote (24062)8/12/1998 1:18:00 PM
From: Joss  Read Replies (1) | Respond to of 94695
 
Hi MT

I believe that if you check the prospectus of most equity funds, you will see that the situation you are discussing is covered. In the event that your redemption gives the fund a problem ... you get redemption in kind. That means they - send you the stocks - Thus you get brokerage fees on top of what ever damage has been done in the resulting time interval for the transfer.

Steve