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.

Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Hank Stamper who wrote (359)	6/1/1999 1:15:00 PM
From: Glenn McDougall	Respond to of 24042

Thurlow fund raises cash Protecting capital during correction By Craig Tolliver, CBS MarketWatch Last Update: 5:07 PM ET May 28, 1999 Fund Alerts! Mutual Fund Center One of the young funds belonging to the California Mutual Fund Association has been granted a ticker symbol by Nasdaq. The Thurlow Growth Fund's new symbol, THRGX, is effective Friday. Now investors of the $1.5 million fund should be able to track the fund's daily net asset value through most Web site quote engines. Thurlow Growth posted a whopping 80 percent gain in 1998 and is up 34 percent year to date. The fund uses both a value and a momentum strategy when selecting stocks for its portfolio. Otherwise healthy companies whose shares have fallen simply because they're in an unpopular sector are likeley targets for Thurlow Growth as are equities in a rapidly growing sector, such as technology. Fund manger Thomas F. Thurlow, is now taking a more cautious approach, however. At the beginning of the month, Thurlow's fund was 99 percent invested. He's just parked about 44 percent of assets in cash and doesn't expect to change anytime time soon. "If our remaining 55 percent shows strength, we will probably leave it alone," said Thurlow. "If our remaining holdings lose strength, we could go up to an even higher cash position to protect our capital." Though Thurlow is confident that we're in the midst of a correction he does not anticipate a coming bear market. Citing the normal bear market definition of a 20 percent decline by the broad market, Thurlow said he may re-evaluate the current situation should the major market indexes drop by 10 percent or more. The good news, according to Thurlow, is that the current correction will end. He's keeping his eye on new groups of leading stocks that he expects to take the market higher. "I believe those leaders will include our current holdings Gemstar (GMST: news, msgs), Uniphase (UNPH: news, msgs), Conexant (CNXT: news, msgs) and Broadcom (BRCM: news, msgs). But until then, the name of the game is capital protection," Thurlow said. "As far as that goes, I believe the worst is now behind us."