The Tiger Cub Funds And The March Bloodbath In Tech Stocks

Technology stocks that seemed to have an inexhaustible capacity to rocket up their charts finally corrected in March, and with a vengeance.

The big losers were: Netflix, Inc. (NASDAQ:NFLX) (-21 %); Pandora Media Inc (NYSE:P) (-18.9%); Twitter Inc (NYSE:TWTR) (-15 %); Facebook Inc (NASDAQ:FB) (-12 %); Priceline Group Inc (NASDAQ:PCLN) (-11.6 %); Baidu Inc (ADR) (NASDAQ:BIDU) (-10.7 %); LinkedIn Corp (NYSE:LNKD) (-9.3 %); Google Inc (NASDAQ:GOOG) (-8.3 %); Yahoo! Inc. (NASDAQ:YHOO) (-7.1 %) and Amazon.com, Inc. (NASDAQ:AMZN) (-7.1 %).

Tiger Cubs were riding a momentum tiger

And a pack of funds, loosely known as the Tiger Cub funds, which were heavily invested in technology stocks, were a major casualty of the sharp fall. These funds were run by ‘Tiger Cubs’ -...