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Technology Stocks : For Hedge Fund Analysts and Managers -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (49)	6/2/2000 11:43:00 AM
From: Wizard	Read Replies (2) \| Respond to of 499

This has been a nice test to see if one's portfolio strategy is any good. If you are levered AND concentrated in small cap internet/tech, you've probably been blown out... Come to think of it, Bulldog blew out so long ago that they really didn't even make it to the fun part... One good correction after 6 quarters of huge gains in these stocks and Bulldog and others go down in flames - that is just disgusting. I really don't know how people can take the feeling of blowing up their clients following one of the biggest wealth creating events in the history of civilization - the internet/technology revolution. Hero factor < risking blowing everyone up. Most of the hedge fund guys I know are very value oriented and made a lot of money but not because of generating excess return, just for growing at a fraction of the NASDAQ and justifying the fees by claiming they did it with less risk. Yadda Yadda Yadda, I'm all for risk adjusted returns but its disingenuous to be so concerned with risk-adjusted returns and then take 20% of profits when your risk-adustments COST your clients big bucks relative to long-only. What a business.

To: Trader Dave who wrote (49)	6/2/2000 12:13:00 PM
From: Beltropolis Boy	Read Replies (2) \| Respond to of 499

>I'm around, but I'm not a big wine lover (I think it's something like oenophile?) how 'bout grape nut? (man, that just might top my lame-o comment on your Provence holiday: "Show me the Monet!") on margin, the (other) Post had a decent piece on it yesterday. they dubbed the article something like "Some Hear the Margin Call of Doom." apparently, march was the all-time margin high on the NYSE followed by the single largest dollar-drop in april. on the order of $30 billion. and as someone in the article opined, the decline wasn't caused cuz "investors" paid it off; it dropped cuz they got wiped out. btw, i didn't know that it was chic for you wall street boys to namedrop your own personal meat cleaver, but chuck pradilla, strategy gooroo at SG Cowen, commented on the folks getting their head handed to them with this: "I think that's good. I mean, my butcher was on margin. These were speculative investors." i don't know about you, but i see chuckie coming down with a bad case of e. coli. fwiw, the Post didn't cite -- and i haven't read of any individual hedge funds going belly-up -- but i'd be interested if you hear any names (and are willing to kiss and tell). barry hertz of Track Data is the most recent example that comes to mind, although that stock still manages to trade for a dozen bits or so. btw, did you hear that TRAC scrubbed its 3-fer-2 split? but get this, then went ahead and added 17M shares to the float! for kicks, check out the morons here: Subject 14966 speaking of idiots: news.cnet.com NotanIRIDiot(atleastnottoday)CM