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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: HoodBuilder who wrote (2351)	12/14/1997 2:04:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 5482

michael, don't be so hard on yourself. The managers of Technology Value Fund -people I admire, although I don't hold the fund - have this to say...(registration for the IBD web site is free and I recommend it). investors.com Technology Value Gets Caught In Sell-Off But Managers Holding On, Saying Many Picks Are Oversold Date: 12/15/97 Author: Doug Rogers What do managers do when the market is killing their favorite stocks? In the case of Kevin Landis and Ken Kam, they start two new funds: Technology Leaders and Medical Specialists . Their flagship Technology Value Fund wowed the fund world with 60% gains in '95 and '96. Those performances helped the fund attain an IBD grade of A+ for its 36-month return of 216% - the highest of all funds. But the fund's holdings have been decimated by two waves of tech sell-offs, one in October and the other last week. The fund fell more than 8% last week and is off about 24% from its '97 high reached Aug. 5. Once up 37% for the year, Technology Value was ahead by just 5% going into Friday. <snip> Bold emphasis mine. That means their fund is up less than 5% for the year, since I assume they took more heavy losses on Friday. Their new fund "Technology Leaders" should do very well in 1998 since they are starting it just now. Gottfried