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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yu who wrote (54409)	4/3/1999 4:52:00 PM
From: Knighty Tin	Respond to of 132070

yu, You can all the info you want on Hambrecht Health and/or Life Sciences from 800 327-6679 during business hours. You may also want to look up an old article in Kiplinger's on the net. It is called, "Funds For Sale, Cheap," from May 1995. The author is Manuel Schiffres. In that one, six closed end fund experts give their top picks. Frank Cappiello recommends HQH and I recommend HQL. Those were by far the best performers of all the recommendations over the next 9 months or so, when I stopped calculating the returns. After that, they fell on hard times and are now very cheap. HQH and HQL are closed end funds. They sell their shares on the New York Stock Exchange like stocks, not from the co. like mutual funds. As such, they do not always sell at Net Asset Value. As of Friday, HQH and HQL are selling at discounts to their breakup value of about 25% each. That means that when you buy, not counting commissions, you are buying a dollars worth of stocks for 75 cents. Much better than buying them for a dollar, IMHO. That Kiplinger's article also gives a good basic ABCs of closed end funds, in general. MB