And yet another occasional winner: this one, a 60% drop in a stock in six months: here is my suggestion to short Ocwen Financial (marked below with an arrow) when it was about $37. It is now trading at about $14. Huzzah!
Another occasional winner, folks! And this one is a doozy.
In my video to everyone from Sunday, Santa Claws Part 3, one of my short ideas was IMGN (by chance, it happens to be the thumbnail image of the video). It lost half its value this morning, even though, as the geniuses at CNBC might say, it is “off the lows”. Still, this is the kind of short position that is oh-so-sweet when it works: