It’s nice to see one of my shorts, Pier One, get clobbered after hours.
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Here are the dozen stocks in the retail sector which in which I have active short positions; hopefully the simple markups I’ve done will speak for themselves:
I’ve been peeing on Pier One on this blog for years, because my view is that it’s simply aping its collapse back in 2007/2008. So far, so good. Firm support is at $0, and until then, scented candles,throw pillows,and other useless bric-a-brac await. How many bamboo back scratchers does the world really need, anyway?
As I make my way to Copenhagen, I wanted to offer up a post with enough charts to allay my blogger’s guilty for a good long while, because Wednesday is going to be largely “shot” for me. I’ve got a ton of short positions, but I decided to hone in on my favorite sector now, which is retail. Here are y sixteen live short positions, courtesy of SlopeCharts: