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Technology Stocks : Wind River going up, up, up!
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To: Bob Huff who wrote (8091)7/26/2000 12:38:22 AM
From: Bob Huff  Read Replies (1) of 10309
 
Had to share this with somebody...

So I get a private message on SI today from some guy telling me he has "undeniable proof" that Landis is unloading shares.

His data: The mutual fund holdings info on Yahoo (as of 7/18) shows a total 5,051,300 shares owned by Firsthand Capital. That's less than the 6.6 million shares reported in the latest Wind River proxy (dated 5/15).

His conclusion: "Landis is dumping". This guy apparently sold all of his shares based on this data.

The reality: If you take a look at the 3/31 holdings for Firsthand (available on their website) you'll see that Landis held 3,859,800 shares in his Value fund and 1,191,500 shares in the Leaders fund. That's a total of 5,051,300 shares (sound familiar?).

Looks to me like the latest info Yahoo had "as of 7/18" was the quarterly holdings reported by Firsthand on 3/31. You need to be careful of these things. Yahoo is - they have disclosures everywhere so they don't get blamed when the clueless trade off their info.

The lesson: The only way to tell a fund's true holdings are either through a company's SEC proxy filing or a fund's SEC holdings filing or quarterly report.

Another example of uninformed investors - F5 Networks (a Wind River customer) sold off 30% in after hours because earnings "missed estimates". Turns out most analysts forgot to include taxes in their estimates. The shares promptly recovered.

Bob
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