Jim's Nasdaq100 Special as a basket. Message Board

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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: Monty Lenard who wrote (1680)	4/28/2000 8:07:00 PM
From: James F. Hopkins	Read Replies (2) of 2103

Hi Monty; Well that deal with THRGX was a one day deal he bounced back up but strong.. I still think these fund managers use a ( fudge factor) on their navs , ( it wouldn't be hard to do but very hard to catch )..they fudge em down if they have a lot of out flow, and move em back up when they have inflow, all this is out of the eye of the public and longer term it balances out, ( sort of a penalty box for fund switchers if they get caught running with the crowd ).. The fund managers are not keen on switchers and prefer a longer term rider..they never see me switch as my order is pooled with all the others at water house and water house keeps a record of how many shares I have.. If I switch in and out of one fund too often WH will charge me a transfer fee..so far I've avoided the fee.. Even though they are a discount broker I paid them almost 10K in commissions last year..and I didn't trade as hard last year as the year before. --------------- I exited Thrgx at 1:59 today, it's up about 12% on the few days I had it. I may dive back in next week after I have time to look some things over a little more. Jim

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