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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (3832)	3/14/1999 8:43:00 PM
From: Mr. BSL	Read Replies (2) \| Respond to of 15132

re: small cap funds. marc, check the 3 month performance on these four: VWEGX biz.yahoo.com RSEGX biz.yahoo.com VWCMX biz.yahoo.com BENGX biz.yahoo.com Good luck, Dick

To: marc ultra who wrote (3832)	3/14/1999 8:48:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Marc: Small cap funds are an enigma with Russell down over 5% for the year and S & P up over 5%. I am of the camp that believes either the small cap rallies or the large caps decline. Based on the negative performance of the Russell 2000, I believe the latter scenario is more likely in the short term. The non-confirmation of the Russell in the recent rally leads me to believe this is a false large cap rally with no real legs and that we are still in a correction phase. The valuation disparity is really amazing between the large and small caps and it is growing. I would look at that fund to see what its performance has been in an up market as opposed to a down market to help better gauge whether it is worth keeping. It may be a beta blaster to the upside if the small cap environment turns favorable. The price you might be paying is a beta meltdown in a down market like the one we are in for the small caps.

To: marc ultra who wrote (3832)	3/14/1999 9:25:00 PM
From: My Father's Son	Read Replies (1) \| Respond to of 15132

Marc, "I am rapidly losing what little patience I had for MNMCX." I came to that point 3 weeks ago. Tired of waiting. My prediction is that Roger Honour is gone from Montgomery as he has his fill of the BS at Nationsbank. DMM

To: marc ultra who wrote (3832)	3/14/1999 11:52:00 PM
From: Investor2	Read Replies (1) \| Respond to of 15132

Re: "I am rapidly losing what little patience I had for MNMCX." I lost my patience over quite a few managed funds. They just can't seem to beat the index. Best wishes, I2

To: marc ultra who wrote (3832)	3/15/1999 12:40:00 PM
From: Thomas M. Carroll	Read Replies (1) \| Respond to of 15132

Marc, Funny you make this post. I just sold my entire position in that small cap fund. Bought it because of BB but I can put the money somewhere else. Was thinking of Disney or Compaq or Walgreen. What do you think ???? Tom C

To: marc ultra who wrote (3832)	3/15/1999 2:00:00 PM
From: Les H	Read Replies (3) \| Respond to of 15132

Vanguard Small Cap Growth Index (VISGX), which mimmicks the S&P Barra Small Cap Growth index, is similarly down. As of March 3, Potomac now has a small cap index fund with a 1.5 x beta of small caps, Potomac Small Cap Plus (POSCX) - which should make for a good roller-coaster ride.

To: marc ultra who wrote (3832)	3/15/1999 3:35:00 PM
From: Boca_PETE	Respond to of 15132

marc u: re:< rapidly losing what little patience I had for MNMCX > Year 1998 Total Returns = (MNMCX +7.5% vs NEASX -2.9%). YTD 1999 Total Returns = (MNMCX -13.6% vs NEASX -5.5%). In response to a caller, I recall Brinker saying that a couple of stocks in the MNMCX portfolio "blew up" in early 1999 - ie. PeopleSoft ?). I also recall Brinker saying that in his opinion the consolidation of Small Cap Opportunities Fund into MNMCX would not materially impact performance. I too hold MNMCX - both in taxable and IRA accounts. I share your concern MNMCX which had performed reasonably well through 1998 (Total returns of 28.7% in 1995, 19.1% in 1996, 27.1% in 1997). Tax consequences of selling a taxable account for MNMCX are an important consideration to me since I've held the account from the beginning. On the other hand, it would be a shame to give back prior net gains in the event of a sharp correction. P