You hit the nail on the head, the ones you see on CNBC.
Believe me if it a Mutual Fund and I see the Manager on CNBC,
if I'm in it I'll get out.
If I'm not you can bet "I" won't buy into the Fund.
Now I'm not talking about the ones who advertise with just a
commercial, I'm referring to the "guest" who get on to hype their
fund..I just won't play them, many of them have done good prior
to getting on, and may get a little pop with the exposure, but
I have to rule out tracking some way or I try to track to much
and that's one of ways I stop tracking the fund, so the "guest"
they get , are not the ones I track.
That's why I sold OAKSX..even though it went not open to new
investors and I use to always keep at least 1 share in it
when I went cash , so I could buy back, but when that sucker went
on CNBC I not only got out , I got all the way out.
He sure had a run, but look at him now.
Here again it's mostly the CNBC info I question, and what is
the criteria they use to bring on these guys. ( mostly it's
because the guy has been on a roll ) but note the ( has been)
and I'm not keen on buying at the guys peak, I don't care about
the has been on a roll, I want to find the one that is about
to roll.
Jim
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