Recent

% | $
Quotes you view appear here for quick access.

Cantel Medical Corp. Message Board

  • rolliefollie rolliefollie Aug 23, 2005 11:38 AM Flag

    FUNDS OUT OF GAS, PARTY OVER

    The big funds that exited in q2 were bought out by other big funds like fidelity that averaged down. about a million & a quarter fund shares exited in q2. hedge funds came in and sucked up three quarters of a million of the retail shares that bailed. so what does it mean going forward....

    the big funds have averaged down probably won't look to buy anymore at this level, and fidelity will play their game at working their way out of a not good situatiion since they have enough of a postion to now move the price their way. so there will likely be support, maybe.

    but the new money coming in looks like a lot of hedge funds that can flip once the direction becomes clear. its doubtful dentist supply is going to be a momentum play that gets insitutiions excited. so if stagnant, there may be more exiting.

    other downside risk is that the indexes rebalance and drop more shares.

 
CMN
67.53-1.52(-2.20%)Jun 27 4:02 PMEDT