Welcome to the board 1everything. According to my archives the last time that Bob Brinker mentioned the TEFQX was during the February 24-25, 2001 Moneytalk broadcast. Bob recommended purchase of that fund in the spring of 2000. Here is an excerpt from my newsletter where Bob last mentioned TEFQX:
Excerpt from DavidK's February 24-25, 2001 newsletter:
Caller: This caller invested $10,000 in the Firsthand e-Commerce Mutual fund (TEFQX) that Bob recommended at the beginning of last year. He has lost a lot of money in it and wants to know what Bob recommends at this juncture. Bob noted that he recommended investors put no more than 5% of their portfolio in that fund and that it is extremely volatile, but that he would hold it at this juncture.
EC: TEFQX lost 55% in calendar year 2000 and its having trouble this year as well closing Friday at $4.59. Thanks to my subscriber Ron for mailing me an article about the business-to-business sector which can be found in the February 13, 2001 edition of Investor's Business Daily. Worth reading if you are a holder of TEFQX or other b2b stocks. In addition, I found this review of TEFQX that came out a few weeks ago:
biz.yahoo.com
It bears noting that in the following month, James Cramer, of TheStreet.Com recommended holders of TEFQX sell that fund into the market's strength. That would have been good advice for Brinker to give, but instead he simply kept it on hold. Here are excerpts from my newsletters in the months that followed:
Excerpt from DavidK's newsletter of May 19-20, 2001
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TEFQX
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EC: I know that many of you probably own TEFQX per Bob's recommendation in 2000. Although he has stopped talking about it, and it has sort of disappeared from his newsletter, I am still keeping an eye on it. Not surprising, TEFQX bottomed on April 4th at $2.41 along with the Nasdaq, but took off as well since then, closing at $3.95 on Friday. James Cramer, of Thestreet.com, mentioned TEFQX in an article last week - unfortunately, it wasn't in a positive manner. He suggests that you sell out of TEFQX (and a few other dog funds) if you can get a decent rally in them.
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- David Korn |
