Replies to post #545 on Contax's Five & Dime and a Couple of $$ too Invest (CFDTDF)

[Bernard Ng]

Hi contax, I just don't understand why did you try to compare your fund with S&P 500 instead of Russell 2000? You know bb stocks are in their own little world...

My PulseIndex tracks the bb stocks, since the end of April, it has experienced a 45% drop, (90 - 50)/90 = 45%. Your fund's performance has dropped about 55%, (120 - 55)/120 = 55%). I use a simple 10SMA cross over and under system to determine if one should trade (agressively) the market or not, since we can go long only in the bb stocks. If your fund will use my PulseIndex as an indicator, I believe you can avoid most part of the tankage JMHO. I do not lie about my PulseIndex (ie. no 20/20 hindsight), I update it daily, and I use all bb stocks to construct the index.

Note: this chart will continue to update itself.

[Options2Wealth]

The Fund's Report for July 2004:


SUMMARY:

Last month in my June report, I thought that maybe the worst may
be over…No Kidding…The worst was reserved for July!

Running the Contax's Five & Dime and Two $$ Too Investment Fund
(CFDTDF) these last three months has, at times, felt like a death defying
experience! The dive, which started in May and picked up speed in June,
felt like a bungee jump in July! The bungee, which, by the third week of
July was stretched to the max, sharply pulled the Fund back up in the last
week of the month to end the period with a relatively modest decline. As
recently as this past Tuesday, the Fund was down more than 17.50% for
the month, but in the last three days of the week, the CFDTDF turned
back up with a vengeance, and in the process, recovered almost than 60%
of that loss. The S&P 500 was also down for the month, but a
more modest 3.43%.

The Fund ended the month of July with a Net Asset Value (NAV) of
$28,372.21, down 7.45% from end of June’s closing value of $30,655.07.
The S&P 500 closed the month of July at 1,101.72, down 39.12 points, or
3.43% from its closing price of 1,140.84 on the last trading day of June.
Since its inception, the CFDTD Fund has enjoyed a gain 41.86% versus the
4.60% return that the S&P 500 Index could muster during that same
period.

At the end of July, the Fund’s to-date rate of return of 41.86% was 9x
better than the S&P 500’s gain of 4.60%. This was the only metric where
the Fund notched an improvement over the previous month’s rate of 6x.

Even though my last month’s cautious optimism was somewhat misplaced,
going forward, I am confident that the Fund will be able to regain its somewhat
tarnished luster.


The CFDTDF Fund's current Net Asset Value (NAV): $28,372.21
(As of July 30th. 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: + $8,372.21

Net Gain or (Loss) in CFDTDF Fund's value since the end of last month: ($2282.86)

Percentage change in the CFDTDF Fund's Net Asset Value from the previous month: - 7.45b]

Percentage change in the CFDTDF Fund's Net Asset Value since the Fund's inception: + 41.86%


The S&P 500 current reading: 1,101.72 (As of July 30th, 2004)

The S&P 500’s last month’sreading: 1,140.84

Net Gain or (Loss) in the S&P 500 since end of the last month: (39.12) points

Net % change in the S&P 500 since the end of the last month: - 3.43%

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

Net change in the S&P 500: + 48.51 points

Percentage change in the S&P 500 since the Fund’s inception: + 4.60%.

Fund's Performance versus the S&P 500: + 37.26%


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) MOBL: 33,000 shares Valued at $8,052.00 (July Closing Price: $0.244¢)

2) PPHM: 5,593 shares Valued at $6,655.67 (July Closing Price: $1.19)

3) EMA: 3577shares Valued at $4,113.55 (July Closing Price: $1.15)

4) LPLHB: 8807 shares Valued at $3,346.66 (July Closing Price: $0.38¢)

5) BIPH: 4000 shares Valued at $3,100.00 (July Closing Price: $0.775¢)

6) ALAN: 1,042 shares Valued at $1,260.82 (July Closing Price: $1.21)

7) FRCP: 4003 shares Valued at $680.51 (July Closing Price: $0.17¢)

8) DLGI: 1000 shares Valued at $420.00 (July Closing Price: $0.42¢)

9) MXDY: 4,650 shares Valued at $372.00 (July Closing Price: $0.08)

10) CYAN: 100 shares Valued at $174.00 (July Closing Price: $1.74)

11) ADVR: 1000 shares Valued at $107.00 (July Closing Price: $0.107¢)

12) FLCR: 1,000 shares Valued at $90.00 (July Closing Price: $0.09¢)

13) $Cash$ on July 30th. 2004: $00.00



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


1) MOBL= 28.38%

2) PPHM = 23.46%

3) EMA = 14.50%

4) LPLHB = 11.80%

5) BIPH = 10.92%

6) ALAN = 4.44%

7) FRCP = 2.40%

8) DLGI = 1.48%

9) MXDY = 1.31%

10) CYAN= 0.61%

11) ADVR= 0.38%

12) FLCR = 0.32%

13) $Cash$: 00.00%


The Current NAV of the Fund is $ 28,372.21

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

Present cash position of the Fund: $00.00

Cash Available to Purchase: $00.00

Cheers!
contax