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Technology Stocks : FSII - The Worst is Over?

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To: Donald Wennerstrom who wrote (2058)7/3/1998 10:44:00 AM
From: Joe Dancy  Read Replies (3) of 2754
 
It makes me feel a little better Don that the professionals also had a very bad quarter - and they for the most part do not fish in shark infested technology waters like we do.

For the first six months of 1998, stock funds rose an average of 11.7 percent, compared with a 17.7 percent gain in the S&P. Only 19% of the funds beat the s&p. Professionals "added value" to the tune of minus 6.0% while they pulled down their $300,000 salary - not bad work if you can get it.. sfgate.com

While the first 3 months of the year was fun the last three months have been a killer. The large caps and large cap funds got the glory, everyone else was at the funeral. The S&P index funds gained an average of 3.2 percent the last 3 months while the average mid-cap fund declined 1.4 percent and small- and micro-cap funds tumbled by more than 4 percent in the three-month period that ended Tuesday, according to a tally by Lipper Analytical Services Inc.
mercurycenter.com

Better times are ahead Don, for undervalued small cap stocks. The valuations are just too compelling here.

Joe
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