Drug Bomb

Another occasional winner, folks! And this one is a doozy.

In my video to everyone from Sunday, Santa Claws Part 3, one of my short ideas was IMGN (by chance, it happens to be the thumbnail image of the video). It lost half its value this morning, even though, as the geniuses at CNBC might say, it is “off the lows”. Still, this is the kind of short position that is oh-so-sweet when it works:

1219-IMGN

This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...

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