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Mid Atlantic Medical Svcs (MME) Message Board

  • steelandirons steelandirons Oct 31, 2003 11:54 AM Flag

    Putnam Fund & MME

    Organizatins are pulling money out of the Putnam funds (per NPR). Putnam is a major hoolder of MME.

    What is the impact? Please present your opinion!

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    • Well if UNH are combined, then UNH should go down a tiny bit. It will create a sell demand. Which is good for me because I'll wait a few weeks and buy more or I am long. It is good if you own shares because UNH is a buyback stock. However, the amount drop will probably be trivial.

      Speaking of mutual funds, I will not buy them anymore. Even without fraud, careful investors can speculate where the funds are buying and buy those stocks and where the funds are selling and sell those stocks. Furthermore, you can look on the holdings section of yahoo and buy shares directly and avoid all annual expenses :).

    • It will have absolutely no affect at all. MME's share price is now directly proportionate to UNH.