Has anyone noticed how poorly Kevin Landis' (Firsthand Funds) software picks have performed? He doubled his position in BVEW in February (as per latest data), it hit a high of 45 three or four weeks ago and is now at 8 (earnings warning). He called LGTO his top pick of 2000 when it was over 40 (maybe over 50) and it is now under 20. He touted PVSW last year when it was over 20, and now its under 15 - it was at 11 until he mentioned it yesterday on CNBC. He's been buying CCRD non-stop for six months, and its close to a two year low after topping at over 60. I don't know if its bad luck or bad stock picking, but if he stayed away from software his funds would have done even better.
You are right about BVEW, however Duke Landis did add to his BVEW position in February.
LGTO is a software stock, moreover, LGTO was the Duke's favorite pick - everyone did not say it was there 2000 fave.
I have been long tech value for two years, tech innovators for one year, and communication and e-commerce since inception. However, Landis has had problems in his software picks - particularly the ones he has recommended when interviewed. As I mentioned before these include LGTO, BVEW, PVSW and CCRD. They all have tanked. Obviously he has picked other software stocks that have done well - but he has touted each of the ones mentioned on the tube.
I like Landis and am hopeful that CCRD (which seems ridiculously undervalued at these levels) will move north. But let's not be naive, Landis is not going to tell thestreet.com that he doesn't like CCRD (one of his larger holdings) long term.