May 26, 1999 marked the first day of funding
for the Volatility Opportunity Fund.
Click here for a sample of
the fund's performance.
Among the companies included in this fund:
Until April, we had been liquidating stock positions.
By mid-May,
we had achieved our most liquid position
since... since, we can remember.
It appears inevitable that the most extreme
volatility the financial markets have ever
seen will continue. Adding fuel to this fire
could be the appearance of a
schizophrenic Fed. Although the Fed is concerned
about inflationary pressures, they will be
faced with an increasing liquidity
crisis by year's end.
The stocks in the Volatility Opportunity Fund
are meant to compliment our longer
term portfolio,
as well as, take advantage of near term
income opportunities caused by this unprecedented
volatility.
Our five favorite sectors for this fund are:
Yahoo, Infoseek, Lycos, Inktomi, CNET, AOL.com (includes
Compuserve and Netscape), Prodigy Internet Services,
CMGI Internet incubator, Amazon.com, Global Crossings'
undersea & overland fiber network,
Muriel Siebert Internet Stock Brokerage, Ross Perrot Systems,
Intel,
Northrop Grumman,
Smith Kline, Merck, Pfizer,
Donald J. Trump Hotel & Casinos,
Campbell's Soup, Ralston Purina/Eveready Batteries,
Sunoco