He's a rookie.
In my opinion, this youngster made a name for himself simply b/c he was at the right place at the right time. Whatever good picks he had were "right, but for the wrong reason"...
ANYONE holding ANY internet stock made a KILLING.
PERIOD. In my opinion, the only difference b/w him and 100000 daytraders is that he opened a mutual fund.
In my opnion, the fact the he STILL holds yesterdays plays, shows he has has a lot to learn about stocks.
Valuation? Fundamentals? Its not about that anymore.,..The same reason all the veterans missed the entire internet runup in the first place.It's not valuation, or business model, its MOMENTUM,,,its the FLAVOR of the DAY...In my opinion, many of his holds have another 50% downside from here.
If he were a doctor, he's be up to his eyeballs in lawsuits.
50% loss YTD is a absolute debacle.
Perhaps, he should go back to his 30k a year junior analyst job for an i-bank, reading over plastics manufactureres balance sheets, and consider himself lucky not to be blacklisted from the indistry
In my opnion, his 15 minutes are OVER. |
