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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (4325)	9/2/1998 12:22:00 AM
From: Gottfried	Read Replies (2) \| Respond to of 9256

Lee, re point #1: assume 5-10% of my mutual fund holdings are in cash. Assume 10% of the holders call up at 3:00 and say sell. We would get a big sell-off in the last hour of trading. 8/31/98 experienced just that IMHO. Did not make the news though. Now assume 90% of the mutual fund holders made the call. I doubt all the fund holders get paid.< I don't believe much of this instant fund shifting is happening (based on my own survey of mutual fund holding friends and neighbors). Some wait for the quarterly statement, others may check in the paper on Saturdays. I have been unsuccessful in my efforts to start them worrying about their investments hourly - the way I do. What brand of whiskey? <G> GM