Contax's Five & Dime and a Couple of $$ too Investment Fund!

[Options2Wealth]

The Fund's Report for May 2004:


SUMMARY:

Contax's Five & Dime and Two $$ Too Investment Fund (CFDTDF)
finally hit an air pocket! After six consecutive months of double digit
growth, the Fund decided to take a breather and it was some pit stop.
In the process it decreased its Net Asset Value (NAV) by a pretty
significant percentage.

The Fund, which ended the month of April with a Net Asset Value
(NAV) of $41,924.63, closed the month of May with a NAV of
$35,738.44, down a whopping $6186.19, or 14.75%. During this
same period however, the S&P Index, the Fund’s benchmark, was
up! Though its percentage increase was modest, only 1.20%, the fact
remains that it handily beat the Fund in performance for the month
of May. In spite of a rather weak showing last month, the Fund,
since its inception (November 10th 2003), is still up up $15,738.44;
closing its sixth full month with a NAV of $35,738.44. In other
words, the Fund is up 78.69% in a little over half a year, whereas
the Fund’s benchmark S&P 500 index is up just 6.40%.

The Fund which enjoyed a 21x lead over the S&P 500 at the end of
April, has now been forced to see that lead shrink to a mere 12x at
the end of May…What that means is that the Fund’s to-date return
of 78.69% is 12 times greater than the S&P 500s return of 6.40%.


The CFDTDF Fund's current Net Asset Value (NAV): $35,738.44
(As of May 31st. 2004)

The CFDTDF Fund's original Net Asset Value (NAV) (Nov. 9th. 2003): $20,000

Net Gain or (Loss) in CFDTDF Fund's value since the Fund's inception: + $15,738.44

Net Gain or (Loss) in CFDTDF Fund's value since the end of last month: ($6186.19)

Percentage change in the CFDTDF Fund's Net Asset Value from the previous month: - 14.75%

Percentage change in the CFDTDF Fund's Net Asset Value since the Fund's inception: + 78.69%


The S&P 500 current reading: 1,120.68 (As of May 31, 2004)

The S&P 500’s last month’sreading: 1,107.30

Net change in the S&P 500 since end of the last month: + 13.38 points

Net % change in the S&P 500 since the end of the last month: + 1.20%

The S&P 500 original reading (November 9th. 2003): 1053.21

Net change in the S&P 500: + 67.47 points

Percentage change in the S&P 500 since the Fund’s inception: + 6.40%.

Fund's Performance versus the S&P 500: + 72.29%


The following, is the Contax's Five & Dime and Two $$ Too Investment
Fund’s (CFDTDF) current stock holdings along with their
end of the month closing price(s):


Updated Fund Position:


1) PPHM: 5559 shares Valued at $8672.04 (March Closing Price: $1.56)

2) EMA: 3577shares Valued at $6939.38 (April Closing Price: $1.94)

3) MOBL: 29,143 shares Valued at $5653.74 (April Closing Price: $0.194¢)

4) BIPH: 4000 shares Valued at $4520.00 (April Closing Price: $1.13¢)

5) LPLHB: 8807 shares Valued at $3434.73 (April Closing Price: $0.39¢)

6) FLCR: 17,688 shares Valued at $3183.84 (April Closing Price: $0.18¢)

7) IFUE: 3000 shares Valued at $1290.00 (April Closing Price: $0.43¢)

8) FRCP: 4003 shares Valued at $940.70 (April Closing Price: $0.235¢)

9) DLGI: 1000 shares Valued at $690.00 (April Closing Price: $0.69¢)

10) IIP (INAP): 100 shares Valued at $150.00 (April Closing Price: $1.50)

11) ADVR: 1000 shares Valued at $135.00 (April Closing Price: $0.135¢)

12) CYAN: 100 shares Valued at $129.00 (April Closing Price: $1.29)

13) $Cash$: $0.00


The current holding(s) as a percentage of the CFDTDF Fund's present Net Asset Value (NAV) is as follows:


1) PPHM = 24.26%

2) EMA = 19.42%

3) MOBL= 15.82%

4) BIPH = 12.65%

5) LPLHB = 9.61%

6) FLCR = 8.91%

7) IFUE = 3.61%

8) FRCP = 2.63%

9) DLGI = 1.93%

10) IIP = 0.42%

11) ADVR= 0.38%

12) CYAN= 0.36%

13) $Cash$: 0.00%


The Current NAV of the Fund is $ 35,738.44

To date, the total percentage of the NAV invested: 100%.

Present cash position of the Fund: $0.00

Cash Available to Purchase: $0.00


Cheers!
contax