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Non-Tech : Kirk's Market Thoughts
COHR 139.93-10.7%Nov 13 3:59 PM EST
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To: Kirk © who wrote (16021)5/29/2023 10:29:19 AM
From: Kirk ©2 Recommendations

Recommended By
berniel
Sdgla

   of 26490
 
A good dilemma to have....

FSELX is one of the very few managed mutual funds I own. I have a "core position" of $5K I bought on the day the markets opened after the 9/11 attack on 9/17/01 to show I was patriotic by adding to one of the managed funds that did great during the 1990s... I added more as it fell lower after that 2001 purchase but eventually sold all but those patriot shares into the 2021 exponential peak.... then when it crashed last year, I started buying again and now have gains on these new shares between 20 and 67%. I'm tempted to sell those recent shares but... the chart hints more to come first.

Also, the fund as of 4/30/23 was 30% into NVIDIA (very concentrated...) and my only redundancy in its top 10 is LRCX in 8th place at 4%...

It will be interesting to see how much, if any, NVDA profit taking the fund manager took this month as NVDA went from $290 to $390 per share.
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My guess is pattern targeting with a concentrated, managed fund doesn't work so well as the fund managers are probably doing it with the individual stocks and new money that is probably flowing into the fund. Thus, the answer might be in Breeze's targets for NVDA and the SOX.
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