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Pastimes : Techride -- Ignore unavailable to you. Want to Upgrade?

To: Blue Snowshoe who wrote (6514)	12/15/1999 11:31:00 AM
From: Joana Tides	Read Replies (1) \| Respond to of 7442

Here's One from the AAAHAHAAA Department: (from Business Week "Street Wise" by Amey Stone)- "AMERINDO TECHNOLOGY FUND ALBERTO VILAR SEES A (TEMPORARY) 30% to 50% CORRECTION COMING IN 2000. BUT HE'S HARDLY WORRIED" (excerpts) Alberto Vilar,portfolio manager of the Amerindo Technology Fund, may go down in history as one of the Internet's Great Bulls. His highly concentrated portfolio is up 238% year to date and contains shares of YAHOO at an original cost (split-adjusted of course) of less than a dollar. Vilar believes the internet will continue to change the world economies as it combines strengths of the computing, telecommunications, and e-commerce industries. Over the next 5 years, he expects the internet to create $2 Trillion to $3 Trillion in new market wealth. Since it has created only 15% to 20% of that amount so far, concerns about sky-high Internet valuations are unwarranted, he says. etc. Long-term, that is. Near-term, he sees some storm clouds brewing for internet stocks. Even though he's unperturbed by the idea, he sees stocks in the sector pulling back 30% to 50% from their highs in the next 6 months..... etc. Vilar has been right about this kind of thing before....etc. "He called the last one right on the money" says Scott Cooley, a senior Fund Analyst at Morningstar. "It looks like he timed his reentry pretty well too." Vilar bought back into Net Stocks early in the third quarter and was there when the sector popped back. He doesn't recommend that average investors play the Internet market-timing game. His advice now is to dollar-cost-average into his fund and, when there is a pullback, put even more money in. Amerindo Technology earned its reputation on concentrated holdings in such internet bellewethers as Yahoo, Amazon, and Ebay. But these days, Vilar is repositioning the portfolio away from such business-to-consumer names in favor of business-to-business names, where he thinks 80% of the wealth created by the Internet will be generated. In the early days of internet investing, it was possible for average investors to pick names like Yahoo and America Online based on their own online experiences. "Not so going forward" he says, "The easy pickings have been picked". (see article for new b-to-b picks details - e.g. CMDX, INKT, BRCM, FMKT (wunnerf dey got dat ipo price on dat, Jed?) CPTH,ARBA, CMGI, ASKJ, AKAM, INAP)..... Despite his emphasis on the business-to-business subsector, Vilar doesn't plan to sell the fund's business-to-consumer stocks, where he has huge capital gains and still sees an upside. "Don't be in such a hurry to sell your winners" he advises. (gives details of fees and risks in Fund) Of course, such negatives as Amerindo's risks & management fees are nothing compared to the risks and expenses incurred by investors who try to trade internet stocks on their own. And Vilar's experience makes Amerindo stand out from other funds, says Cooley. "Most of the funds that operate in this area are run by people who either don't have background in emerging-growth investing or who aren't affiliated with shops in the top tier", he says. "The people who are running Amerindo have been around the block a few times and are very successful". etc..... (end) Very good article, well-written, good scout info hmmmmmm?! But Blue, ah got a couple qwestshuns fer Jed wen he gits bak. Lak, when do ya SELL dese tings, dey nevvir tell U dat, onlee say 2 buyit or wenits down 2 put more monee in. Ah wooden wannaB runnin one demdar funds, nosirree, espesholee ef ah had alldat Yahoo wit alldem capital gains ah wooden wanna sell it eddur cuz de investors'd hafta pay da tax ondat an mebbe it'd be on a day the NAV wuz down an dey'd B callinup onda phone screamin' insteada bein' happy an doin woop-de-doos lak we'uns do wen we quack a fat one! Ah tink stocks R mor FUN den dat. An ah got anudder qwestshun... if "the easy pickings have been picked" an advice is "not be in a hurry to sell my winners?" den wher duz dat leeve me, sittin' wit measlies? (scratchin' mah haid). Ah don unnerstan demdar Funds, Stocks R Easier an dey got cheeper xpensis den doze funds ah tink. Wit stocks, U jest watch wen it goze up, sellit... den it goze down, buyit. Funds R complikatd. But 2 each dere own. Ah tinks demdar Funds B wantin' R Internet Shares, Jed. 909s2U, Joanie.