Say Dave...LGF 2.20 unch. top pick today: Guru Picks
Five Stocks To Buy, Five To Sell
Provided by Marketocracy, 04.29.02, 9:33 AM ET
NEW YORK - Forbes.com's investment newsletter channel is pleased to begin featuring content from online stock-picking community Marketocracy. The Web site was founded in 2000 by Ken Kam, cofounder and portfolio manager at Firsthand Funds. He managed the firm's top-performing Technology Value Fund and its Medical Specialists Fund from 1995 until mid-1999 and then quit to form Marketocracy. The site invites investors to create their own $1 million mutual fund and then subjects participants to the same disciplines of real fund managers. Out of 50,000 online fund managers, Marketocracy culls the best-performing 100 and has created an M100 index and Masters 100 Fund (MOFQX) . In the first quarter of 2002, the M100 beat the S&P 500 by 5% and so far this quarter, it's up 2%. Its top two fund managers have logged gains of over 90% in the last 12 months and, since inception nearly two years ago, a number of its pickers are up over 150%. The group's picks and opinions are chronicled daily in Marketocracy's M100 Journal, a subscription service which costs $100 per year.
Below you will find a listing of this weeks top five purchases and sales from Marketocracy's M100. Leading the buy list is Lions Gate Entertainment (amex: LGF - news - people ), the Canadian film and TV studio which produced Monster's Ball starring Oscar winner Halle Berry. Monster's has grossed $30 million in North America and new productions, such as Confidence, are attracting top talent such as Dustin Hoffman. Last week the site's gurus also went bargain hunting in the battered stocks of Tyco International (nyse: TYC - news - people ) and WorldCom (nasdaq: WCOM - news - people ). Stocks the group are selling include offshore drilling company Haliburton (nyse: HAL - news - people ) and HMO provider PacifiCare Health Systems (nasdaq: PHSY - news - people ), which is expected to report earnings this week.
I've been very patient with LGF and will continue to hold it til late this year or early next most likely...nice to see it get some attention! tuna |
