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New Fidelity Fund
Old 09-20-2005, 09:26 AM   #1
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New Fidelity Fund

The Fidelity International Small Cap Fund (FISMX)* has been a very hot foreign fund for the past year.* It goes after the smaller stocks and dips into emerging markets.* The bad news is that it has been closed to new investors for several months.
The good news is that they have opened a fund with very similar objectives.>>The Fidelity International Small Cap Opportunity Fund (FSCOX).* $2500 min w/ 90 day holding period.
I'm buying this guy today.

One stock idea.- - NDAQ >>Runs/ operates the NAS.* I gave up my QQQQ holdings Friday to a $39 option assignment and rolled the money into NDAQ yesterday @ $24.64. Have written the OCT $25 calls for $1.10.* If called in October it is about a 4.5% deal.* It's a boring stock and this was a boring transaction, but a little boring ain't all bad.
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Re: New Fidelity Fund
Old 09-20-2005, 04:42 PM   #2
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Re: New Fidelity Fund

JP -

Noticed it as well

Pro - fewer assets to deploy which allows manager more flexibility

Con - hot money
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Re: New Fidelity Fund
Old 10-05-2005, 12:57 PM   #3
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Re: New Fidelity Fund

Updating this transaction- - -
If anyone bought NDAQ in the area I did, this may be a good time to take your profits. 8)* Has traded today as high as $27.27 which is a tidy 2 week profit if you got in under $25.* Earnings and a CC tonight after the market closes.* I think all will be well, but if you are short term oriented today may be the time to leave. I'll still be here as I sold the Oct option.* If you are a long term holder, I'd say just press on and possibly add a little if earnings are OK and weakness develops afterwards.
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Re: New Fidelity Fund
Old 10-10-2005, 10:39 AM   #4
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Re: New Fidelity Fund

Quote:
Originally Posted by JPatrick
Quote:
Originally Posted by JPatrick

One stock idea.- - NDAQ >>Runs/ operates the NAS.* I gave up my QQQQ holdings Friday to a $39 option assignment and rolled the money into NDAQ yesterday @ $24.64. Have written the OCT $25 calls for $1.10.* If called in October it is about a 4.5% deal.* It's a boring stock and this was a boring transaction, but a little boring ain't all bad. ;)
[quote

Updating this transaction- - -
If anyone bought NDAQ in the area I did, this may be a good time to take your profits. 8)* Has traded today as high as $27.27 which is a tidy 2 week profit if you got in under $25.* Earnings and a CC tonight after the market closes.* I think all will be well, but if you are short term oriented today may be the time to leave. I'll still be here as I sold the Oct option.* If you are a long term holder, I'd say just press on and possibly add a little if earnings are OK and weakness develops afterwards.
Confession time::* I was looking at a different stock when I posted the above update resulting in a screw up.* * The actual earnings event for NDAQ is on Oct 26 and not 5 Oct as I posted above.*
The stock continues strong trading as high as $29.60 so far today.* I'm starting to feel bad about selling that $25 call and leaving all that cash on the table, but that is the options game.*
Good Luck
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Re: New Fidelity Fund
Old 10-11-2005, 09:00 AM   #5
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Re: New Fidelity Fund

NDAQ opened positive* and has traded strongly above $30 which may be a top for awhile.
If you happened to buy sub-$25 just a few weeks ago you now sit on a 20% profit and the possibility of protecting part of that gain by selling a call, for example, a Nov 30 call could net you about $1.90 at the moment.* This in itself is a 7% profit.* A bit over 5 weeks from now you have many possible outcomes.
You could lose the stock at $30 and pocket the large profit.
If the stock is below $30 you might be able to sell the 30 call again.*
If the stock falls below $25 you could sell the $25 call (as I did)* and still be making money.
The stock could really fall out of bed and --well, you'd be playing the market.
Of course, all these options relate to a* purchase price of $25 as originally noted in the first post.
Please excuse the detail, but many posters in the past have talked about options and this transaction offers a good blow by blow education of a very conservative transaction.
Thus far it is a happy story.* Plenty go the other way.* All the info also assumes you use a deep discount broker.
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