JAT Capital Has Seen Better Days? (Update)

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StreetInsider is reporting:

With the massive downdraft in momentum stocks today there has been speculation of a hedge fund blow-up. Those rumors now appear to be centered on John Thaler's JAT Capital. While we cannot verity if these rumors are true, the fund owns many of today's worst performers.

Some of his biggest positions includes:
Sina Corp (Nasdaq: SINA) down 10%
Priceline.com (Nasdaq: PCLN) down 6%
Baidu (Nasdaq: BIDU) down 10%
Wynn Resorts (Nasdaq: WYNN) down 10%
Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) down 9%
NetFlix (Nasdaq: NFLX) down 12%
Molycorp, Inc. (NYSE: MCP) down 5%.

UPDATE: StreetInsider is now saying: "Sources suggest rumors that JAT Capital is having liquidation or performance issues, as earlier Wall Street rumors suggested, are 'patently false.' In fact the source is saying the performance of the fund has been 'exactly the opposite.'"

Hedge Fund JAT Capital Is Not Blowing-Up, They're Actually Killing It [StreetInsider]

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