• Nigel D'Souza
    Why is Tiger Global buying over valued tech stocks? $Z $Z?
    5/15/14
    Reply (23)
    • tungle7: My only guess is maybe they want to cause a short squeeze because of high short interest on this over valued and over hype stock.
      5/15/14
    • tungle7: Another reason could be an acquisition play? What do you think?
      5/16/14
    • Nigel D'Souza: I think the short squeeze motive is more likely. Who would acquire $Z or $Z at these valuatoins?
      5/16/14
    • tungle7: Who would have thought FB would acquired WhatApp for $19 billions neither? There is no telling.
      5/16/14
    • Nigel D'Souza: You're right. Don't discount stupidity. There's no chatter of $Z being an acquisition target. What does $Z have worth acquiring?
      5/17/14
    • Nigel D'Souza: Right now it appears Tiger investment is a backing of Zillows business modle http://bit.ly/1sETSc4
      5/17/14
    • Hedge Fund Insights: Tiger Global could be doing a short in the box strat. No one knows their true intention. It's 1% of their portfolio.
      5/20/14
    • Nigel D'Souza: Isn't short in the box strat. for risk reduction of long positions which cannot be liquidated? Tiger also has a position in $TWTR
      5/20/14
    • Hedge Fund Insights: they could report a long position resulting in a squeeze, then subsequently short Z in another managed fund the same amount or more.
      5/20/14
    • Hedge Fund Insights: If I was Tiger and i know everyone and their grandma follows me, i would do exactly that.
      5/20/14
    • Nigel D'Souza: I don't buy that strategy. Why risk performance in your flagship fund to drive up a stock that's already near a 52 week high
      5/21/14
    • Hedge Fund Insights: who said they were doing that in their flagship? I've seen them buy GRPN and FB just because.
      5/21/14
    • Nigel D'Souza: Tiger also had positions in AMZN and GRPN. I really don't think this is a short strategy. I think they are long these names. Question is why
      5/21/14
    • Nigel D'Souza: If Tiger Global bought GRPN and FB "just because" then they are a long way off from the founder Julian Robertson's fundamental approach
      5/21/14
    • Hedge Fund Insights: Given Tiger's performance since 2009, I would say, they aren't long the names. But we can debate all day, because no one knows their trueint
      5/21/14
    • Nigel D'Souza: True. But given that Tiger is also invested in RedFin I don't think this paints a picture of a short strategy.
      5/22/14
    • Hedge Fund Insights: Maybe they are long Z and TRLA and short MOVE.
      5/22/14
    • Nigel D'Souza: A pair trade is possible but this strategy requires you to go long an undervalued sotck and to short an over valued stock
      5/22/14
    • Nigel D'Souza: $Z is by far the most over valued in its sector with an EV/Sales over 10, an EV/EBITDA over 300 and a forward P/E over 100.
      5/22/14
    • Hedge Fund Insights: Man, I rather spend my time focusing on sec filings then figuring out what Tiger is really up to. Just look at Coateau, they have NFLX.
      5/22/14
    • Hedge Fund Insights: As a top position, so much for tiger cubs huh? I don't think Julian would approve. A market crash would wipe them clean.
      5/22/14
    • Nigel D'Souza: Exactly. I'm flabbergasted. If the Tiger Cubs don't care about fundamentals then no one does in this market.
      5/22/14
    • Hedge Fund Insights: i'm speechless.
      6/11/14