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To: JungleCat who wrote (41294)12/7/1998 1:22:00 PM
From: Carl Held  Respond to of 53903
 
Mutual funds outflow.....

Weekes said stocks were also dampened as investors took money out of mutual funds. For the week ended December 2, $778 million came out from equity funds, the first outflow in seven weeks, according to AMG Data.




To: JungleCat who wrote (41294)12/7/1998 1:47:00 PM
From: Carl Held  Read Replies (1) | Respond to of 53903
 
Regarding you comment that someone bought it, the specialist most likely sold those shares to small investors who are paying a premium price, only to be disappointed. The big boys have stopped buying. If you would have read an earlier post: Average traded shares is down 23% since last week. Mutual funds outflow is increasing.