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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (1153)	2/26/1999 8:09:00 AM
From: John Carragher	Read Replies (1) \| Respond to of 1254

He's got company, another guy from the wild wild west show!!!!! February 26, 1999 Technology Expert's Mutual Fund Takes Last Place for Past 3 Years By KAREN DAMATO Staff Reporter of THE WALL STREET JOURNAL The worst-performing technology fund of the past three years is run by one of the most ardent proponents of technology investing. Michael Murphy, the oft-quoted editor of California Technology Stock Letter, regularly urges investors to load up on technology stocks and mutual funds as a way to profit financially from society's dramatic technological advances. The "buy tech" message is in his late-1997 book, "Every Investor's Guide to High-Tech Stocks & Mutual Funds," just released in its second edition. But while investing in the average technology fund has indeed paid off for people over the past few years, Monterey Murphy New World Technology Fund, managed by Mr. Murphy, has been a dramatic exception. The fund posted a negative 8.2% return last year, for instance, while the average technology fund tracked by Morningstar Inc. gained