After I ran the charts for this fund after hearing they were only down a few points when the market dropped alomst 40% I noticed they tried several times to get back in and kept loosing. They finally got out again after loosing right before the market took a huge nose dive in Oct. if you look at how the fund actually moved along it looks like they actually made more bad trades than good but simply won on the one that counted. there is no reason to believe that these guys can pick when to get in or out better than a chimp. I'd love to hear why I'm wrong.
Look at this chart and you'll see they made several mistakes right before they got lucky.
http://moneycentral.msn.com/investor/cha...