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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth R Miller who wrote (34823)	2/8/1998 3:00:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 58727

Kenneth; Yes I have, hot number too..up 8% since about Jan9th beating the S&P, and could roll more it's in the right cap sector right now..I'm kicking my butt for not having jumped in it before now. KAUFX I'm looking at a few other things with what little dry powder I have left but if I don't find somthing soon that could be were I park the rest of my spare change. It also hedges. If I remember there is a small fee when you exit like .02%..two tenths of one percent, small enough and fair in a way as it helps pay for the paper work of timers like myself, I've no problem with that , but I detest front end load funds, such as AIM..not only do a lot of no loads beat them, but that 5% is like ( gone ) say the fund gaines 15% this year, you don't even make the 10%..gain, Ie 10000, ( 500 front load ) 9500 in fund , 15% gain =10925, in short the 5% up front cost you more than 5% down the road. as with a 15% gain in NAV you may would think you would wind up with 11000 any way, but you don't. It has in effect cost you 5.75% under that condition..run that 500 out 3 years with the fund say gaining 45% you lost, 225 in gains plus the 500..for 725 out the window in three years which makes the 5% really costing 7.25 % of your original investment. It's crap that front load funds out preform no-loads anyway, some do, some don't come close. I can see a small exit fee, but to charge up front..who do they think they are kidding. KAUFX looks good right now, but I hate I missed the 8% it's up already in less than a month. Beats the trading I've done, that's 8% with no cost too. Most regular fund data you get shows 3 month preformace as min time frame..by then it's likly jumped and could be ready to retrack..you need to monitor funds weekly or bi-weekly if you are going to pick up on the BETA..Im in SPEQX and CHEYX already. SPEQX up 10.5% for the month..CHEYX up 6.7% off to a slower start and not as good as Kaufx or SPEQX I'll watch it this week relitivly speaking and may bail out..but it's a hedge type fund and were it may not run up as fast in a fast market it won't run down as fast if the market dips..thing is just how bullish do you want to be? Right now SPEQX is the most bullish one. I'm a third in it with my equity money. Still 60% bonds, 15% cash..so I'm no raging bull by any means, but I'm no bear betting on shorts either. Jim