Comments on Fund My Mutual Fund: 24/7 on Ken Heebner's 6/30 Holdings

I have links within the story - you can click on a...

2008-08-19T12:17:00.000-04:00

I have links within the story - you can click on any to see the sources

He was long F/short GM

Why do you find it interesting on WB and WM? WM will go to zero if the government does not create a shotgun marriage like it did with countrwide

WB is in trouble

all the banks are in serious trouble - people have no idea. They think this is the 7th inning. Its more like the 3rd.

on the way to zero, many of these will get short covering rallies as people proclaim the economy is fine and run up 50%. Where they are to be reshorted.

Interesting he shorted WM at these levels, and WB....

2008-08-19T02:17:00.000-04:00

Interesting he shorted WM at these levels, and WB. Also, didn't he go long Ford? What site did you use to see his latest holdings?

If and when you get a magazine cover, just know that the herd has caught up with you and its time to change your holdings. 8)

Kb,I like the company - it will either be a home r...

2008-08-18T19:03:00.000-04:00

Kb,

I like the company - it will either be a home run or strikeout most likely. I cannot model that sort of political risk nor do I choose to take it.

Those who enjoy gambling more will differ from me as its dirt cheap but with multiple uncertainties and Putin involved I just can't get exposed to it anymore.

Everyone has different willingness to take risk so for others it might be the bargain of a lifetime.

Trader Mark,I know you have followed Mechel and ha...

2008-08-18T18:52:00.000-04:00

Trader Mark,
I know you have followed Mechel and have talked positive on this company in the past. I was just wondering what your thoughts are now that is trading in the mid $20's and Russia's new wealth and seemingly anti-business view. Interesting article on Motley Fool.
KB

Well in irony the post immediately after this one ...

2008-08-18T16:29:00.000-04:00

Well in irony the post immediately after this one talks about our "future". We are not allowed to post in real time per SEC rules. The best one could do is literally post their holdings every night and then the next day talk about their holdings. BUt it could not be real time even in that regard

The problem with posting every night is if you miss one night you broke the rules and you start getting fined etc.

So I'm going with the weekly updates when we go real time

Yes it is "bold" and I'll look the fool quite a bit. But at least investors will know why I'm a fool ;)

"Funds are required to post their holdings with th...

2008-08-18T16:15:00.000-04:00

"Funds are required to post their holdings with the SEC quarterly but are allowed quite a great delay."

Aside from everyone looking to some messiah for guidance in this time, I think the best thing about your fund is you publishing your thoughts and moves to the public real time. Sure managers and perhaps you may have some proprietary technique and criteria for trading, but mentioning who and the sectors is a bold and genius way to buck this trend that managers know more than the average person. I think you're onto something with your model...you give us info, but the novice trader can't just work off of that (i.e. you can know the stock, but it's the 'when' is when it's important!).