Don’t follow hedge fund quarterly filings if you want to make money

Quarterly Filings are hitting the Street and David Tepper reported t a position in J.C. Penny.  JCP is trading up 5% today as the herd mentality rushes into this name.  Question, do you think the Smart Money (David Tepper) is going to stay long after a 40% return in less than 4 weeks?  Don’t follow the herd and get slaughtered with the pack.  Since he bought the stock the stock is up over 30% and since the 13 F, he was publically stated as saying he sold the stock.  This is what you call stale information.


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