Half Of FANG

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

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.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Chee Hin Teh • 7 years ago • Member's comment

thanks for sharing

Alexander Hamilton • 7 years ago • Member's comment

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