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The core holdings are getting crushed and the fund is making new lows as of today. It is weak and going in for a buy here would be a poor decision that could cost you a great deal of money.
Since this is a mutual fund and there is only one way to make money (UP), there's no reason for anyone here to play games and bash. I would appreciate everyone's honest take on this fund as time moves forward.
I have no position on this mutual fund at the moment and wouldn't touch this until it goes under $1.5.
This fund manager needs to be fired. Knowing when to be in cash and when to be long is a matter of timing. Its obvious to me this guy doesn't know anything.
ITS PERFECTLY FINE TO BE ALL CASH FOR THE SAKE OF YOUR SHAREHOLDERS. IT SHOWS THAT YOU ARENT IN IT JUST TO COLLECT YOUR 10-B FEES AND YOU KNOW WHAT YOU ARE DOING FOR YOUR CUSTOMERS, NOT FOR YOURSELF!
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