Way back on August 14th of last year, I offered up the idea to short SolarCity which, as I put it, had “nothing but losses and a really overhyped CEO”. Well, it was a pretty wild ride since then, but on the whole, that short idea has worked out rather well! (I’ve marked the post with an arrow)
As for today, FRGI is my one bright spot, since I suggested it only on Sunday and it’s getting blown to pieces. As for the day in general………..well……..kinda sucks, don’t it, bears?
This weekend, as I so often do, I put together some videos of short ideas. I just noticed in after hours trading that Fiesta Restaurant Group, which was the very first stock mentioned on Sunday’s video, is doing this after hours:
Back on February 11th, which feels like about twenty-six years ago, I wrote up this post and made the following prediction for the Yen:
Well, it’s a dynamite morning for me (and I could sure use one). I am not as fully loaded as I’d like to be, but my portfolio is up almost three times as much as the market in general is down, and that’s in large part thanks to crude weakening.
I’ve offered up Prudential, shown below, as a short idea over and over again, but it just sort of farted along, in spite of its absolutely glorious topping pattern. Well, our national nightmare is over. It’s finally falling, and I expect ungodly lower prices to come in the months ahead.