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.
I have to admit that Landis did make some mistakes this year. Landis own 39k shares of LGTO when he told thestreet.com LGTO was the stock of year 2000. Then LGTO plunged from 60s to 20s. He bought 2m shares at high 20s and LGTO went from 20s to high 40s. I thought he was right on money. Ya know what happened to LGTO last week. In addition to LGTO, BVEW, Landis was wrong on SAGI, GNSS. Landis told CNBC and fortune that GNSS is going though the roof in 2000. GNSS then issued profit warning and went from 30 to 15. But, I still think Landis is the best tech fund manager out there. We just have to keep faith and be patient with Landis.
FABULOUS: I am interested in buying a large position on LGTO, what do you think?
Regards, mckpig, another firsthander, so is my mom, my cousin