Why Being Bearish is Hard

Diebold is getting a takeover bid from United Technologies.

That’s good for us optimists.

Those leaning on this one have been rewarded…until tonight. Months of gains are now gone for shortsellers. Looking at the charts you did not see this coming. You were giddy with profits and all excited about the end of the world and ATM machines. NOT!

It’s why I am either long or in cash. I have had this happen to me. It will make you cry. For days.

Most YUTZ management’s have been screwing their shareholders in the bull market by buying back stock with debt. It’s criminal. It’s not sustainable and is selling the future for gains today. It’s bullshit to whine though because you can vote everyday by selling the stock.

Thing is though, there are tons of companies with great balance sheets that are doing their jobs and buying overbeaten cash flow machine like companies like Diebold. It’s called capitalism. Rarely fair, but works way better than all the other crap economic systems the world has to offer.

Disclosure – Proud Capitalist