DiversifiedFocus (< 20)

The Accidental Bear

September 22, 2010 – Comments (5) | RELATED TICKERS: B , EAR

It started with a simple thought- as a new CAPS player, maybe I should hedge my longs with a few shorts.  After all, I see a lot of the top dogs doing it.  A decent train of thought-

First stop, CRM.  The valuation made no sense to me, intense competition in the sector, insiders selling like there is no tomorrow, easy enough to pick.

Second stop, GMCR.  A fad if I have ever seen one, taking on a lot of debt near an all time high and facing patent expiration, unpredictable cash flows...sure why not.

Third stop, HMIN.  Chinese hotel chain, from my research it seems like they are quality, but they justu do NOT merit the current share price, especially with the increased competition.

Fourth stop, TZOO.  I wanted to short Priceline, but the fundamentals will eventually catch up to the valuation IMO as it reaches critical mass.  

So, enough picks to hedge my portfolio...right?  What happened next I am not sure.  I blacked out, and when I checked my CAPS account again, I had downthumbs for WYNN, LULU, LVS, OPEN, MELI, BIDU, VMW, RVBD, and NFLX, as well as downthumbs on JOBS and ARUN today.

What the HECK HAS HAPPENED TO ME?!!  Somebody help me stop this madness...