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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (11460)	12/13/1997 2:06:00 AM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Hi Bill, well my bet is a small one and short term, bought 100 SPY at 95-1/4.. Calls/puts short term cost me to much comis..and they always get me for about 1/4 pt spread.. I use them out a bit..and a few leaps, but got nothing right now. My focas now is some beaten down no load funds..I can trade in and out with no transaction fees..in that way I get a basket.. not ready to hop on yet..RSIFX is down 31% since OCT.. will take a 40% gain to put him back.. Were Kaufx is only down 12%..when this killing is over in the Tech sector RSIFX will make some healty and fast gains, with very limited risk..I'm wathing his 10 top holdings for signs of reversals.. KAUFX has been slick..last two days his NAV loss was less than what it should have been, by this I mean His major holdings fell more in percentage than his NAV..that means he was on the ball..and locked in profits..likly shorted aginst the box, he should have lost about 9 cent today only lost 6, yesterday was much the same, he is pulling out profits..and will be a big buyer when things get going right..all in all he has beat RSIFX for the year ( a lot )..but then he is not all TECH, in fact very little..he's big on health care, and mostly small cap. Got a lot of checking to do..maybe I souldn't say it here but I do what fund managers hate..I go in and out in a heartbeat, but got to use the no-loads to do it. KOREA is up in late Trading..heaven they must trade on SAT.. but she is up some last I checked..doubt she stay up, but any kind of rally even a short one with her is good news at this point, she has been in such a free fall, if she bounces much I'll buy KEF a closed end fund on the open Monday..it tracks the KOREA index faily good..and is not selling at a premium like the Japanees funds are.. KEF been beat down bad , and could lose another 20%, but not much more than that..were it will find bottom I don't know, but I can get in and out fast if it starts down more. last I looked it was 2-13/16 down from 6-1/2 not long ago, when money does run back into the Korea Market it could be fast at first..one more reason I track the WEBS, they show the confidence level in the rest of the world..people got it wrong if they think we can do good and all the rest of the world can go to hell..it just don't work that way, if they get beat up bad enough it hurts us too. Like it or not the IMF has to move..and will..remember how the Mexican Market took off after the big loan. It shot up, most stocks doubled..but that's history now. Jim ( with an eye on KEF ) and RSIFX, PS however I can't tell if RSIFX took any money off the table duriing this fall and that worryies me..them that took money off can buy the rally when it comes, them that didn't are just stuck a waiting a recovery KAUFX is good at shorting agnst the box..what don't go up he's locked in at the old price and can cover with the worthless paper , thus free up money to use that to buy the runners he does look too spread out like over deversified.. Putting Billions into small caps can be tough, but they have done good, it's a no load but changes 1/20 of 1% on exit. Down 12% since the early OCT peak is not to good, but the next real rally could be in small caps, the Big ones may have to fight a slow up hill battle. Jim