Exhibitionist's Corner

[ender]

SH - All mutual funds are not the same. Sounds like you have Tech or Growth Funds.

My strong advice: w/o hesitation, pull every cent out ASAP!!! Get back in Tech funds when the next bull market really happens. Don't be fooled by short term "sucker" rallies. There may be a number of these coming up. Those who are hinting that the Nasdaq is nearing a bottom including dear Abby are just blowing smoke. They don't know.

Earnings of many of the big name Tech stocks will be announced in April. Warnings will be coming shortly. It could and probably will be a devasting time for Techs if Yahoo is any indication of things to come.

In the current market please consider Value Funds or a Specialty Fund which you'll find listed below. Value stocks are just what their name implies.

Click on the link of top performing mutual funds below. You can look thru all of them, but I suggest first checking the Large, Mid, and Small Cap Value Funds. I suggest you give more weight to the last 3 months, although it's nice to have funds that have been top performers over the last year as well.

http://biz.yahoo.com/p/top.html

The next link is Specialty Technology. Notice the first fund in the group. PDISX.

http://biz.yahoo.com/p/tops/51.html

That's right they short internet stocks. They seem to be pretty decent at it too. This may not be a real long term fund, but while the Techs are down it's going to be hard to beat. Let's face it. Many internet stocks have lost much of their share price and there is still a lot of downside left. If you think you have a moral problem shorting a stock, remember that when you buy a stock you are betting that the share price will go up. If you short sell a stock you are simply betting it will go down instead. Furthermore, no one will be trying to manipulate the stock or will be posting insults on an OTCBB board. I presently have short positions in 2 Nasdaq stocks and will probably open another tommorrow. Maybe I should just go with PDIX.

I also suggest spreading the money out over more than one fund which it sounds like you have been doing. At this time I would be tempted to put no less than 1/3 in PDIX. But, check its chart. It is volatile and if there is a rally like there was in January (which was prompted by an unscheduled interest rate cut) then you would need to pull out until the rally was over. I don't expect much of a rally near term, but who knows.

One more idea which you may or may not wish to consider. In the present market there is a "safe haven" stock with a P/E of around 13 which is doing quite well. In fact if current market conditions continue I wouldn't be surprised to see it double or more by years end. The stock symbol is MO which is Phillip Morris. Not for everyone, but check its chart and you will see what I mean.

SH, these are suggestions that in this crazy market I think will need to be monitored fairly regularly. But, then I think that's true of almost any security now with decent upside potential.

Hope this helps.

Ender