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Cramer Says Hedgies Are Shorting the Stocks in Big Tech Funds
"Shooting against." It's a time-honored way to make money in the hedge fund world. You hear that some fund is hurting, that there are massive redemptions and you call up the holdings and you bet against these stocks. You buy puts 
on them. You short them.
| Cashing Out Redemption-fueled selling may hammer tech funds and many tech stocks in 2001 |
| The Hit List: These Tech Stocks May Be in the Line of Redemption Fire |
| The Cruelest Month: February Was an Ugly One for Tech Funds |
| No Redemption: How Growth/Tech Funds Could Crush the Market |
| Stock Funds Feel New Pain: Net Cash Outflows |
I've done it, and I have had it done against me. I have at times gone after funds that I know are bleeding, trying to figure out which stocks they'll sell in order to meet the redemptions. Invariably I made money, but only if I'd been nimble enough to cover before the rallies began. ...
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