| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 606.1 | Info of Stock Selector | ELIXIR::SPIELMAN | jerry DTN 241-4470 | Wed Nov 10 1993 21:56 | 24 |
| I don't know how you would expect to get info on Brad Lewis' package
considering its proprietary.
The Stock selector Fund has been doing just great since inception. I
believe Morningstar rates it very highly. My recollection is that there
are some positive things said about it in Morningstar writeups which I
recall seeing sometime between last July and now.
Some stats for Stock Selector:
October - 1.0%
YTD '93 +14.4
1992 +15.4
Risk 1.04 (1.00 = S&P 500) To put this in perspective:
In Growth category at FIDO, range
is: 1.55 for Emerging Growth
to 0.88 for Value
and e.g. 0.96 for Capital Apprec.
Eric Kobren (Fidelity Insight Nov 93 issue) rates it OK to Buy. (The
best rating is one up "Buy", one below is Hold).
However, his recommended buys at this time for Fidelity Growth Funds
category is VALUE, and SMALL CAP.
Jerry
|
| 606.2 | footnote to .-1 | ELIXIR::SPIELMAN | jerry DTN 241-4470 | Wed Nov 10 1993 21:58 | 3 |
| re: .-1
All the figures given are from Kobren's Fidelity Insight Nov '93.
|
| 606.3 | Featured in WSJ last Fall | GWEN::LEMIRE | A marvelous night for a moondance... | Thu Nov 11 1993 09:12 | 15 |
| There was an article in the WSJ last fall about Brad Lewis and his neural net
stock picking. He runs a neural net software package on a souped-up 486 PC
that crunches numbers overnight and gives Mr. Lewis a list of recommendations
in the morning. I believe Lewis caught the technology bug as a fighter pilot
with the Air Force.
The article said a large number of parameters about a large number of stocks
are fed into the application. The computer then sorts through various
combinations of factors and historical performance to "learn" how the factors
correspond to stock performance (sort of dynamic regression analysis, I guess).
Using this new knowledge, the application creates new, complex models for
forcasting future winners.
The article concluded with a comment from one of Lewis' co-workers; something
to the effect of "Oh...so _that's_ how he does it!!!"
|
| 606.4 | | 2435::SHAH | Amitabh "Leadership DECAF? Yuck!" | Thu Nov 11 1993 09:47 | 1 |
| What are the major holdings of the Stock Selector Fund?
|
| 606.5 | | ZENDIA::FERGUSON | Red X | Wed Dec 01 1993 14:20 | 6 |
| If anyone is still interested, I can probably get FID S.S. major holding.
I've had this fund for a while now, oh, maybe a year or so. I put in $5k
and today it worth around $6.2k or so; WSJ says the fund is up about 14.2%.
i also owner fid. low-priced fund which is doing a little bit better then
S.S. it is up 18.2% according to the WSJ.
|