Wall Street Advisors
Long/short equity

Revisiting Oculus: Earnings Do Little To Ease The Pain

I hope some readers here who had been investors in Oculus (NASDAQ:OCLS) heeded my warning here and were able to get out of the way of what has since been a train wreck. The share price has been cut in half since my piece came out on May 6:

(click to enlarge)

Unfortunately for Oculus shareholders, I fear the earnings call yesterday just added more fuel to the fire on the short side. I am not continuing to recommend a short at this level as the floor has already fallen out since my initial recommendation, but I still have to continue to highly caution any investors that are currently long or considering going long this company. While, as...

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