Shadow Stocks - Investing, with a focus on small stocks

Ken Heebner said in his CGM Focus Fund annual report...

At the end of 2009, CGM Focus Fund held major
positions in the technology, investment banking,
copper and auto industries. The Fund’s three
largest holdings were in Ford Motor Company,
The Goldman Sachs Group, Inc. and Freeport–
McMoRan Copper & Gold Inc.

The Fund held no
short positions on December 31, 2009.

Interesting, thanks. Last year was certainly not the easiest year to be short, though I did have some modest success shorting BAGL and KITD then.

Are you following Heebner now? The last time I remember you commenting on his fund was when you wrote this on GuruFocus last year, "CGM Focus Fund ( Ken Heebner ) still lagging badly...".

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He did lag badly last year. CGM Focus did a bit over 10% well less than
half of the S&P's and about 25% of the NDAQ's returns.

I thought you'd be interested to see he had NO SHORTS going into 2010.

Paul




In a message dated 3/12/2010 8:45:58 A.M. Eastern Standard Time,
writes:

Dave Pinsen wrote, in response to Stockdoc9999:

Interesting, thanks. Last year was certainly not the easiest year to be
short, though I did have some modest success shorting BAGL and KITD then.

Are you following Heebner now? The last time I remember you commenting on
his fund was when you wrote this on GuruFocus last year, "CGM Focus Fund (
Ken Heebner ) still lagging badly...".

Link to comment:
http://shadowstocks.com/189-short-screen-prices-going-up-for-new-members#comment-39370677

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Heebner has a great long term track record, but I stopped paying attention to his investments when he jumped from commodities to financials in the second half of 2008. I just didn't understand his rationale for that, particularly after what I had read of his reasons for investing in commodities in the first place. Perhaps he just follows his gut, I don't know.

It's been done. New price is $30 per month for the next week, after which it will get increased again.