Stupid Hedge Funds Panic & Dump Apple & Netflix; buy baby buy 

Stupid Hedge Funds Panic & Dump Apple & Netflix; buy baby buy 


Those hedge funds dumped just over $2 billion worth of Netflix (NFLX) stock and nearly $1.8 billion worth of Apple (AAPL) shares, according to data compiled by FactSet.

Tiger cub hedge fund Tiger Global’s public-equity business, run by Scott Shleifer and Chase Coleman, ditched its massive bet of more than 17.9 million shares, according to the fund’s most recent 13-F filing. Viking Global, led by billionaire Andreas Halvorsen, reduced its stake in Netflix in the second quarter by 22%, selling just over 1.77 million shares. Viking last held over 6.28 million shares, a position valued at over $575.2 million at the end of the quarter. Full Story

Perfect; most hedge funds do not know what they are doing anyway. Like the masses, they panic when they should be buying, and are euphoric when they should be panicking.  That is why they have taken such a beating over the past few years, and that is why more and more will go out of business . Investors are sick of paying these fat good for nothing managers good money to do nothing but make bad judgement calls.  For every Hedge fund with a good track record, there are several hundred with terrible track records. Overall, you are better off giving a pair of chimps darts and asking them to throw them at a random list of stocks.

As they are dumping these stocks, it means it is time to take a closer look at them.  New businesses are cropping up that will offer the same services for a fraction of the cost; this means the days of hedge funds are numbered as are the days of portfolio managers, analysts, investment bankers, etc.

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If you seek freedom, the 1st task is to attain financial freedom so that you can break free the clutches of the top players who seek to enslave you. They want you to run in a circle like a hamster that runs on a spinning wheel; the hamster thinks the faster it runs the further it will go, but sadly it is going nowhere.

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