When I shorted stocks a lot (the dumb days), Capital One $COF, Fannie Mae $FNM, Harley Davidson $HOG and Best Buy $BBY were my go to stocks. They drove me bonkers. They were my ‘Newman’ stocks. I lost way too much money over time to bother adding up and way too much hair.
Now I rarely short stocks. It truly makes no sense to short stock when you can use levered ETF’s for short-term hedging.
My ‘Newman’ stock is now a stock I have been trying to own and that’s been $GOOG. I can’t catch it right.
There is probably no great reason to own the stock from a technical or fundamental point of view, so I should just leave it the f$^&%k alone.
They have an insanely great core business of search.
But, they are fighting battles on too many fronts.
I can read the rest of my life and not know whether the Motorola purchase was good or not. Eventually the market votes. I do know that no matter what they do with it…flip it to Intel, use it for patents, aggressively go after retail, let it whither, the market is just saying we have no idea.
It is going on my DO NOT OWN/TRADE list for a long time.
They are fighting way too many battles. The market is telling me that much.The money will be made by the gamblers that can figure out how this one plays out. For now it’s a messy and potentially deadly battleground. As a small investor, I need and YOU need to pick the easier battles.