>> Can't say I see
any rhyme or reason as to how they chose whether to be long or short any
particular stock. <<
I can see the rationale, and it's hilarious. Look at their list of "longs". Notice the dogs? I'll bet that they bought them when they looked like they would have life. After they rode them down, they decided, in great wisdom, that most or all biotechs must go down. They therefore shorted companies like..... SUGN (ha!), CNTO (ha!), ALKS, GILD, PCYC, VIRS, IMCL, etc.
This is the most hilarious list that I've ever seen. The degree of hilarity, of course, depends on the date that each position was taken.
These guys/gals are insane. Not a clue. Lots of good, justifiable picks on the short list, but plenty of potential 10 baggers that just don't belong. Let's hope that there are many funds out there like this one. |
