#1 fund - The Internet Fund adds PGEX to portfolio...
Oops, almost forgot to post the big news from this morning here. Based on historical patterns, this stock should
be a major outperformer in the next few weeks. Here's what I posted elsewhere:
Big changes in WWWFX portfolio. The monthly update to their top holdings
and
manager's comment were posted this morning. Stocks falling out of top
holdings include:
AOL and AMZN. New additions were broadcast.com (BCST),
Marketwatch.com
(MKTW), Miningco.com (MINE), Pacific Gateway (PGEX), and Lycos
(LCOS).
Interesting, my predictions of MKTW and MINE being added to the portfolio
came
true, albeit one month late. I guess you could say that PGEX is the
darkhorse of the new
additions. A few things to note: Miningco.com (MINE) has changed their
name to
About.com and their ticker will become (BOUT) sometime this week.
LCOS was added back in after the Diller deal died. LCOS was a top-5
holding until
the USAI deal was announced a few months ago, whereupon WWWFX
dumped all
shares immediately.
As for Broadcast.com, aren't BCST shares being converted into YHOO
shares a few
months from now (like XCIT -> ATHM)?
I'll make some minor updates to my Internet Fund Site this Sunday. One
new link will
be to the Dallas Morning News article, which includes a pathetic quote
from me.
Here's the link to the full manager's comments:
theinternetfund.com
So it looks like 2 major funds who have held AOL for an eternity, WWWFX
and Legg
Mason Value (LMVTX) have sharply reduced holdings in the past couple of
months.
According to various sources (Lipper -> USAToday, Bloomberg, etc), the top
performing funds year-to-date are:
1)The Internet Fund WWWFX 118.1%
2)Monument Internet Fund MFITX 108.3%
3)Amerindo Technology ATCHX 101.5%
--
The Internet Fund Investors Forum
netconductor.com
tulipmaniac@netconductor.com |
