Hedge Funds Just Made a Big Mistake on Tech Stocks

(The Business Insider) Hedge funds and other large speculators made a poorly-timed decision to go net short tech stocks for the first time in 21 months….And that would be all well and good, except the bearish shift came as tech stocks surged 5.6%, their best weekly performance since October 2014. It was unfortunate timing for hedge funds ……

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