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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (21757)	1/24/2000 2:46:00 PM
From: LANCE B	Respond to of 150070

not even worried about this.... i have not even mentioned this since october, next time news is out in a month it will run very nice..

To: Veteran98 who wrote (21757)	1/24/2000 2:46:00 PM
From: SSP	Read Replies (2) \| Respond to of 150070

SEC warns investors to be wary of big fund gains WASHINGTON, Jan 24 (Reuters) - The Securities and Exchange Commission, after a year of strong returns posted by many mutual funds, warned investors Monday to be wary of high-flying funds because they often do not repeat such stellar performances. "Chasing fund performance is often the quickest way to hurt your mutual fund returns," SEC Chairman Arthur Levitt said in a statement. "Investors should comparison-shop for funds that best match their long-term financial goals and tolerance for risk." Investors should closely examine mutual funds' fees and expenses because small differences can have a sizable impact on returns. The more volatile a fund, the greater the investment risk and the lesser certainty of future returns, according to guidelines issued by the SEC. Quick, short-term gains can often be attributed to a fund's investment in select initial public offerings or a few successful stocks that have driven its gains, two things that are hard to duplicate, the SEC said. The SEC also urged mutual fund investors to read a fund's prospectus and shareholder reports to learn about its investment strategy as well as to determine any possible tax consequences from capital gains distributions before choosing a fund. The securities regulator issued its guidance to investors after some mutual funds posted skyrocketing rises in 1999. Fidelity Investments' $105 billion Magellan Fund posted a 24.05 percent return last year, compared with the Standard & Poor's 500, which showed a 21.04 percent return. A complete list of the SEC's guide to mutual fund investing can be found on the Internet at sec.gov under the Investor Assistance section.