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


To: Knighty Tin who wrote (41056)12/27/1998 1:24:00 PM
From: Ilaine  Read Replies (1) | Respond to of 132070
 
Mike, is it possible that "window dressing" is a relatively new phenomenon, due to the increase of access and availability of information on the Internet? I know that Yahoo, S&P, Morningstar, Fidelity, to my personal knowledge, and there must be others, list top ten holdings for each mutual fund as they are reported to SEC. This info is available with a few clicks of the mouse. I know it matters to me what stocks my mutual funds are holding, and I am sure it does to others.

How else to explain the sudden run-up in "darlings" this past few weeks? (I suspect you will say "mo-mo".)

Is there any way to tell by watching the size of trades? Is there any block size that is more likely to be a mutual fund?



To: Knighty Tin who wrote (41056)12/27/1998 4:03:00 PM
From: voodooist  Read Replies (1) | Respond to of 132070
 
Re window dressing: Mike, Hi, let me introduce myself as a newbie type investor. I believe that one of the areas where it's likely to be done is by the "hot hand" type of funds that are vying for top spots in the mutual fund categories. I watch every tick on lots of stocks, and for the last five years have noticed certain stocks going up several points on Dec. 31 and then losing the same amount on Jan. 2. Are there other forces at work here? Also, it seems to me that I read once that it's illegal. Is that possible?