 runnoftPremium
join:2003-10-14
Deerfield, IL
kudos:1
 ·Comcast
3 edits | Stock short Shorting stocks is too speculative for me, but if I were looking for one to short, Blockbuster would be my pick. They are clearly circling the drain, wringing their hands.
WARNING: I thought the same thing about AOL when it was about at $60 sometime in the early 1990s. And eventually I was right. But in the meantime, the stock soared higher for awhile (I think doubling or tripling at one point), and I would have had to shovel a lot more money into the "investment" covering the short until it finally did fall apart to the single digits. You never know: some other idiot may decide there's something to Blockbuster (such as some undervalued asset) and come along and buy them out, in which case, if you're shorting, you can lo$e. |
