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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bill/WA who wrote (34182)10/19/1998 11:31:00 PM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
Bill, don't think so. The fund managers feel they have to be fairly fully invested in most cases, so they are still holding the crap they held before the crash. It is just worth more on paper now. They may raise a bit of cash for redemption possibilities, but missing the upside is their greatest worry.

My guess is they will rotate names, not exit. I am hoping that they rotate from the silly financials, the drugs, and the overpriced techs to the stocks I own, the asset plays, foreign stocks and biotechs. -g- But I am not counting on them to be that smart.

MB



To: Bill/WA who wrote (34182)10/20/1998 10:12:00 AM
From: Mike M2  Respond to of 132070
 
Bill, there is a saying we can all go down together but we can't let it go up without us. it's other people's money anyhow. If you underperform you may lose your job. Prudent money managers are not rewarded in a bull mkt. Mike


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