Half Of FANG

By Tim Knight of Slope Of Hope
Sunday, December 4, 2016 7:53 AM EST

I’ve seen chatter recently about how it would be a great time to buy stocks like Amazon (AMZN) and Facebook (FB) since they are “cheap” again due to the recent Nasdaq selloff. Umm, OK.

I’m of a different opinion. I’m short these two stocks (and 38 others), and I intend to hold on to them. Here’s Facebook:

1203-fb

And here’s Amazon (against which I suggested buying puts back on November 22, many, many dollars ago):

1203-amzn

Disclosure: None.

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Chee Hin Teh • 8 years ago • Member's comment

thanks for sharing

Alexander Hamilton • 8 years ago • Member's comment

Nasdaq will shave off a few hundred points. It has a lot of bearish signals embedded in it.