Friday, June 17, 2011

Close RIMM short, close WTI short

Don't look a gift horse in the mouth, $7 drop in WTI and 25% decline in RIMM is not bad work for the week.

Tuesday, June 14, 2011

Add to WTI short, open short on RIMM

Add to WTI short, open short on RIMM.

Basic thesis:

1. Most market observers are ready to call an end to the correction (contrarian indicator)
2. Copper divergence with transports indicative of impending weakness
3. A/D line plummeting indicative of impending weakness
4. Rydex funds which are used by large traders because of the fund liquidity show that there is a sharp move to cash taking place.

Conclusion: Sell and Short.

Thursday, June 2, 2011

So many web 2.0 companies to little time

LinkedIn, Pandora, now Groupon.... whom to short?

My vote goes to shorting Groupon:
No economic moat, easily replicable, no real critical mass or defensible social network, no store loyalty, declining margins