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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Robert New who wrote (8722)	10/24/2000 12:38:14 PM
From: TENNET	Read Replies (1) \| Respond to of 15615

Here is where some of the shorting has come from, lets hope they are finished! biz.yahoo.com Just as gutsy were the fund's short positions accounting for 42% of assets. Essentially, Heebner shorted the heroes of 1999. He bet a whopping 15% of the fund against Amazon.com (Nasdaq: AMZN - news). He also bet against network providers Global Crossing (Nasdaq: GBLX - news), Level 3 Communications (Nasdaq: LVLT - news), and NextLink Communications . As you might guess, the fund is having one hell of an October. The fund had an adequate 6% return through September but now it's up 18.5% for the year to date. Heebner's one of those managers who will always either look like a genius or an idiot depending on what time period you're looking at. If I were to invest in the fund, I'd use it as a diversifier for maybe 5% or less of my portfolio. It will always be different and it will be free from Wall Street groupthink.