The "Digging" Report Q4 2002

December 31, 2002

My Personal "Mutual Fund" OTC:RASXX

Note: OTC means Over The Counter. The ticker symbol is fictitious; please don't ask your broker to buy it. In the rare event that such a ticker does exist please inform me at once, in order to change it. I don't want to mislead anyone.

After making fresh lows in this 30+ months old bear market, the major indexes rallied intensely. However, only the NASDAQ and the Russell 2000 kept an upward slope during the first 4 weeks of the rally. All said, this was another relief rally inside the prolonged bear that has no signal to end yet. By early December the advance halted at the 200-day moving average, which has been acting as resistance. Although the retreat does not appear to be serious, it does not bode well for the market. It appears that 2003 will have a rocky start.

Performance as of 12/31/2002

NAV: 15.79

* Annualized compound return

The 1, 3, 5 and 10 year periods are counted backwards starting from the report date

Performance is before personal taxes. Maintenance and research costs (my personal time doing the accounting, trading and web publishing; time spent on the web and investment books) are not taken into consideration.

Freedometer ratio: 3.14%

Scale: 0-10 Worthless slave; 11-25 Rank and file; 26-40 Lowest level privileged; 41-75 Candidate for temporal release; 76-99 Almost free on parole; 100+ § A free person!

§ Unless you can't make ends meet with your present salary.

Quarter to date

Year to date

Since Inception

Go to Top