Over the past few days, I have been shorting, and shorting, and shorting some more. This morning, in the face of a big red number on my portfolio and a market poised to continue surging, I entered my final 35 positions, bringing my total to 143 shorts. Shortly thereafter, well, things started changing color. I am prepared to, once again, be a hero or a fool. May God smile upon the bears as they execute his holy work in this poisonous land.
I did a post back in February when DDD was about an $80 stock. Simply stated, I think 3-D printing is a fad (and this is from a person who, since 1979, has bought pretty much every new interesting technology on the first day it came out). 3-D printing has received a ton of press, but I think very few people are actually going to use the damned things. In any event, you can see how DDD has done in percentage terms since peaking earlier this year:
After reading the “0.1% Problems” post on ZeroHedge (which was about a snippet from a local paper about a fellow complaining that billionaires can get whatever they want, whereas ‘average millionaires’ in Palo Alto cannot), I thought I’d share a property listing with you good people in case you want to join me here in my fair city (my house, mercifully, I bought into back in 1991 when prices were merely above-average, and not insane).
May I present to you 258 Middlefield Road, Palo Alto, California, which is located within walking distance from my house and is a mere $1,800,000 (well, that’s the asking price, but it’ll probably go for more). The property features ample storage in the back…….. (more…)
This is a good example as to why it’s a good idea to avoid “story stocks”. With the ebola scare, the handful of stocks that have anything to do with it went skyrocketing. One of them, Alpha Pro Tech, went up triple digits (in percentage terms) within days. All those gains were undone in a short amount of time as well. Take a look at LAKE for the same kind of 180 degree flip.