It was another very good day! I’ve got 80 different short positions now, and they’re doing just great.
I wanted to share a couple of charts I like which, unfortunately, do not represent existing positions. However, I’ve talked about them before, and I wanted to do a quick post and say a few words.
The first is a company I’ve mentioned dozens of times here, Pier 1 Imports. My theory, offered over a year ago, was that it would ape its financial crisis meltdown. That is EXACTLY what is happening. Wimp that I am, I didn’t stick with it, and I’m too scared to enter now, but I still believe this thing is heading close to $0.
The other one is Priceline, which I actually tried to short a couple of weeks ago. I didn’t do so, however, for a very specific reason: my spreadsheet wouldn’t give me a good quote on it. Maybe it’s because the price is too high or something, but for whatever reason, the TOS feed wouldn’t give me a quote I could use, so I just decided not to even trade it. I’ve honestly never understood the success of this company, or its insane valuation, and I’m glad to see it started to wither.