Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: J. W. Schneider who wrote (15106)	10/2/2001 9:53:34 AM
From: Kirk ©	Read Replies (1) of 42834

All I know about Kevin Landis is he started his funds from a modest home in Milpitas CA in 1995 I am told. Buying technology stocks between 1995 and 2000 was not a difficult task history is telling us now. I wondered why Kevin's picks went up so much more than mine in the 1990's when I bought based on value (GARP). Well, Kevin was good at pumping the stocks he owned on TV but never got the dumping part down so his funds suffered when the market collapsed. After 1999, I was not buying tech unless it was to diversify a position that had gone way up but mostly I was taking profits out (to finance a business venture and pay bills as well as buy bonds, etc. to get to 80:20 from 95:5). Kevin's stocks kept going up as people saw him on TV and sent him money to make them rich. He bought MORE of the same stocks and these stocks went up more and more and more. The Janus fund family was doing much the same. In hindsight, this is easy to see but at the time, most didn't take the time to wonder what was driving the stocks higher so fast (few sellers so the buyers bid the stocks higher). I saw Kevin's stocks are far, far over valued but I didn't catch that the stocks that were not as highly over valued would still get the stuffing kicked out of them. I don't think many did... The perfect storm of the telecom and internet bubbles collapsing caught most all technology stocks unaware as they were adding capacity for demand that was not there. I've spoken to a VP at one of the chip makers I have a large position in for the telecom market and he felt they would have inventory problems until the 2nd half of 2002! What will happen to Kevin's picks until then I don't know. I really don't follow TEFQX or the stocks in it as I have felt the benefactors of B2B would be the Wilshire5000 and consumers as B2B would make companies more efficient. IBM and FDX were my personal ways to play it as effecient ordering needs good software and systems from a trusted supplier and people then need the stuff delivered quickly. I'd suggest calling Moneytalk and asking Brinker if he is still as excited about B2B as he was between Jan2000 and March 2000. He has the BJ Group and Kevin Landis often talks to money managers who invest with them to share his opinions so Bob might have a better idea of how Kevin thinks about the sector. My guess is Kevin will absorb the fund into another so people won't see how rotten its performance has been. This is common with failed fund ideas. Since Bob Brinker recommended the B2B sector on his radio show at the top, he should be willing to take questions on if he still has a high opinion of the sector. Myself, I wonder if companies such as Ariba will be a going venture in the future. Kirk

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