One of my favorite short positions these days is Deckers Outdoor Corporation, which makes those UGGS products (among others, like Teva) to wear on your feet. Oprah is a big fan of UGGS, and whenever I think of this stock, I imagine her groaning out that very phrase (“UGG!”) as she struggles to get each shoe off her wet, stinking feet. But I digress. Its ability to fall hard after topping out engages me, and I simply keep tightening the stop every day.

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