Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (392)	4/17/1999 1:29:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Thanx Les: That clears up in my mind how those guys were out running most of the others. A limited venture capital strategy within the fund sure has gone a long way to sling shot them to the top, had I known they were playing that game earlier I sure would have been in them. I think it will continue to pay off as long as the IPO market on internuts is strong, but when it ends ( like the bio-tech did ) it will be time to get out. I'm buying or going to try some VWEGX on a dip ( if we get one ) in spite of their huge run up they could have more to go. ------------------ I show them up 179% since Aug 31st 98, I had no idea they were going to switch tactics , at the time I started tracking them I had a note "scratching them from my consideration list " The dog I "scratched" wins the race, an the one I picked came in a distant third ( RSEGX )..there was no way I think I could have known back in August that VWEGX or VWMCX would fly, they had such a bad track record. I had narrowed the field down to 4, 1st one up 97% , second pick up only 4.64%, had two 3rd place contenders one is up 35% the other 20%, , this was out of a field of 20 no load small cap funds using my filter had I took all 4 equal weighted would have made 39% , the field collectively made 37 % it's ironic that two of my scratches beat every thing else hands down. I had 5 scratches in Aug, taking them equal weighted they are up 45.8%, beating my best picks about 9%. ------------------------ Conclusion, while filtering on history you may gain a small percent over the entire field, how ever using long term history can not match watching recent momentum, it's a momentum market and surprises are the norm. If a fund makes the initial criteria to be in the field, then scratching it off the list is a mistake. ----------------- My criteria was SML cap no load..thining them out via history then staying the course was a mistake. How ever I didn't play it like I said above , I only took one , and sold it too soon RSEGX is up another 24% since I made an exit. It appears those 3 are not playing by the same rules that other sml cap funds are using. Jim Ps Any one reading this be sure to click back and read Les's post.